Funding round
Ayar Labs Series C
Ayar Labs, which works in optical i/o technology development in San Jose, raised $130M in a Series C round announced on 1 Apr 2022, led by Boardman Bay. 23 firms took part. It is Ayar Labs' fourth venture round on record; the one before was a Series B in Nov 2020.
$130M
Amount raised
Not disclosed
Post-money valuation
23
Investors
1 lead
Valuation
What this round says about the price
Ayar Labs did not disclose a valuation in this round. It came 17 months after Ayar Labs' Series B. It is 15% of the $847M Ayar Labs has raised in the venture rounds on record. Ayar Labs raised again 32 months later: a Series D round of $155M in Dec 2024, at $1.00B post-money.
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 5 Nov 2020, led by Downing Ventures and BlueSky Capital $35M
- Series C this round 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
Boardman Bay led the round with 22 other firms.
Lead investor
- backs 7 venture-backed companies new investor
Also in the round
- Hewlett Packard Enterprise new investor
- NVIDIA new investor
- Applied Ventures new investor
- GlobalFoundries new investor
- Intel Capital backs 239 venture-backed companies new investor
- Lockheed Martin Ventures new investor
- Agave SPV new investor
- Atreides Management backs 53 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 35 venture-backed companies new investor
- Infinitum Capital new investor
- backs 12 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- BlueSky Capital new investor
- Founders Fund backs 368 venture-backed companies new investor
- backs 51 venture-backed companies new investor
- TechU Venture Partners new investor
- backs 36 venture-backed companies new investor
- backs 98 venture-backed companies new investor
- Helpful Capital new investor
- backs 67 venture-backed companies new investor
- Rabo Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
21 Series C rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $49M, and this round was 2.6 times the median. The closest in time, other companies' Series C rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 26 Apr 2022 | $15M | not disclosed | Dara Capital Ltd. and Metellus |
| Electronical Components Manufacturing | 26 Apr 2022 | undisclosed | not disclosed | ABB Technology Ventures |
| Electronical Components Manufacturing | 9 Mar 2022 | $150M | not disclosed | Vertical Venture Partners and Future Shape |
| Electronical Components Manufacturing | 21 Jul 2022 | $15M | not disclosed | Intel Capital |
| ESWIN Computing Electronical Components Manufacturing | 6 Dec 2021 | $392M | not disclosed | China Internet Investment Fund |
| Electronical Components Manufacturing | 1 Dec 2021 | $157M | not disclosed | 国新科创二期基金 and 中金传合基金 |
| Electronical Components Manufacturing | 22 Sep 2022 | $49M | not disclosed | Prosperity7 Ventures |
| Electronical Components Manufacturing | 5 Nov 2021 | $17M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Ayar Labs raise in its Series C round?
Ayar Labs raised $130M in its Series C round, announced in Apr 2022.
Who led Ayar Labs' Series C round?
Boardman Bay led it, with Hewlett Packard Enterprise, NVIDIA, Applied Ventures, GlobalFoundries and Intel Capital and 17 more.
What was Ayar Labs' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Electronical Components Manufacturing?
21 Series C rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $49M, and this round was 2.6 times the median.
Did Ayar Labs raise again after this round?
Yes: a Series D round in Dec 2024 of $155M at $1.00B post-money.