Ayar Labs Secures $35 Million in Series B Funding and Adds New Strategic and Global Investors as Interest in Optical I/O Grows Applied Ventures, Castor Ventures, Downing Ventures, and SGInnovate join existing investors as company leads development of photonics-based technology to overcome limitations of traditional Moore’s Law scaling SANTA CLARA, Calif., November 5, 2020-- Ayar Labs is pleased to announce the completion of a $35M Series B financing co-led by Downing Ventures and BlueSky Capital. New investors include Applied Ventures, LLC, Castor Ventures, Downing Ventures (U.K.), and SGInnovate (Singapore), expanding Ayar Labs’ investor base with strategic ecosystem and global investors.