Fenwick Represents 3M Ventures in Ayar Labs’ $155M Series D Funding

Fenwick represented 3M Ventures, the venture capital arm of 3M, in Ayar Labs’ $155 million Series D funding. The round was led by Advent Global Opportunities and Light Street Capital with participation from AMD Ventures, Intel Capital, NVIDIA, 3M Ventures, and Autopilot.

Ayar Labs, an optical interconnect solution for large-scale AI workloads, will use the funds to scale its breakthrough optical I/O technology, the industry’s first commercially viable optical interconnect solution backed by a robust manufacturing ecosystem. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partner Ian Goldstein and included associate Olga Terets.