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Ayar Labs caps $35m series B

Nov 6, 2020 • Callum Cyrus

Castor Ventures Fund took part in a round that will be used to strengthen Ayar's optical interconnector technology, which is based on MIT research.

Ayar Labs, a US-based connectivity technology developer exploiting Massachusetts Institute of Technology research, closed a $35m series B round yesterday that was co-led by Downing Ventures and BlueSky Capital.
The round included Castor Ventures Fund, the venture capital fund centred on alumni from Massachusetts Institute of Technology, in addition to BlueSky Capital, Founders Fund, Playground Global and the Singapore state-owned SGInnovate.
Aerospace and defence manufacturer Lockheed Martin and semiconductor technology producers GlobalFoundries, Intel and Applied Materials rounded off…

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