Latham & Watkins Advises Ayar Labs in US$500 Million Series E Financing

Ayar Labs, the leader in co-packaged optics (CPO) solutions for AI scale-up, has announced the closing of US$500 million in Series E funding led by Neuberger Berman. The company will use the funds to scale high-volume production and test capacity to accelerate the deployment of its CPO solution. This brings the company’s total funding to US$870 million and raises the company’s valuation to US$3.75 billion.

Latham & Watkins LLP represented Ayar Labs in the transaction with a corporate team led by Bay Area partners Kathleen Wells and Erica Kassman, with associates Katie Stevens, Lauren Dickstein, and Wes Dantzler.