Funding round
Ayar Labs Series B
Ayar Labs, which works in optical i/o technology development in San Jose, raised $35M in a Series B round announced on 5 Nov 2020, led by Downing Ventures and BlueSky Capital. 11 firms took part, 7 of them already investors. It is Ayar Labs' third venture round on record; the one before was a Series A in Nov 2018.
$35M
Amount raised
Not disclosed
Post-money valuation
11
Investors
2 leads
Valuation
What this round says about the price
Ayar Labs did not disclose a valuation in this round. It came 24 months after Ayar Labs' Series A. It is 4.1% of the $847M Ayar Labs has raised in the venture rounds on record. Ayar Labs raised again 17 months later: a Series C round of $130M in Apr 2022. Its next priced round, a Series D in Dec 2024, valued it at $1.00B.
Ayar Labs' funding rounds
Ayar Labs has 6 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Aug 2016 $2.5M
- Series A 7 Nov 2018, led by Playground $24M
- Debt not a venture round 1 Apr 2019 $3.0M
- Series B this round 5 Nov 2020, led by Downing Ventures and BlueSky Capital $35M
- Series C 1 Apr 2022, led by Boardman Bay $130M
- Series D 11 Dec 2024, led by Advent International and Light Street Capital $155M$1.00B post-money
- Series E 3 Mar 2026, led by Neuberger Berman $500M$3.75B post-money
Investors
Who put money in
Downing Ventures and BlueSky Capital led the round with 9 other firms. Downing Ventures, BlueSky Capital, Founders Fund and GLOBALFOUNDRIES and 3 more had backed Ayar Labs before.
Lead investors
- Downing Ventures existing investor
- BlueSky Capital existing investor
Also in the round
- Applied Ventures, LLC new investor
- Castor Ventures new investor
- Downing Ventures (U.K.) new investor
- backs 23 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies existing investor
- GLOBALFOUNDRIES existing investor
- Intel Capital backs 239 venture-backed companies existing investor
- Lockheed Martin Ventures existing investor
- backs 51 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
32 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $21M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 17 Nov 2020 | $20M | not disclosed | M Ventures and imec.xpand |
| Electronical Components Manufacturing | 14 Oct 2020 | $44M | $104M | 40 North Ventures and Piva Capital |
| Electronical Components Manufacturing | 16 Dec 2020 | $19M | not disclosed | Metellus and Dara Capital Ltd. |
| Electronical Components Manufacturing | 15 Dec 2020 | $16M | not disclosed | not named |
| Electronical Components Manufacturing | 18 Mar 2021 | $20M | not disclosed | Cota Capital |
| Electronical Components Manufacturing | 25 Mar 2021 | $16M | not disclosed | Fin Capital and TTV Capital |
| ESWIN Computing Electronical Components Manufacturing | 8 Jun 2020 | $283M | not disclosed | Legend Capital and IDG Capital |
| Lightmatter Electronical Components Manufacturing | 6 May 2021 | $80M | not disclosed | Viking Global |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Ayar Labs raise in its Series B round?
Ayar Labs raised $35M in its Series B round, announced in Nov 2020.
Who led Ayar Labs' Series B round?
Downing Ventures and BlueSky Capital led it, with Applied Ventures, LLC, Castor Ventures, Downing Ventures (U.K.), SGInnovate and Founders Fund and 4 more.
What was Ayar Labs' valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Electronical Components Manufacturing?
32 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $21M, and this round was 1.7 times the median.
Did Ayar Labs raise again after this round?
Yes: a Series C round in Apr 2022 of $130M.