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Optical Chip Startup Ayar Labs Raises $24 Million to Boost Data Speeds

from Forbes

Ayar Labs, which builds an optical-based chip that boosts speeds on high-performance computing systems, announced Wednesday that it has raised $24 million in a Series A round led by Playground Global. Intel Capital, Globalfoundries and Founders Fund also participated in the Emeryville, California-based company's latest round. Ayar is built on research that CEO and cofounder Alexandra Wright-Gladstein encountered as an MBA student at MIT. She chose to get get a business degree at a university renowned for its engineering and sciences programs, she told Forbes, because she wanted to find people building great technologies. more

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