Boardman Bay, an investment management company, led a $130m Series C funding round in Ayar Labs, a developer of an electronic-photonic chipset, with participation from Hewlett Packard Enterprise, NVIDIA, Applied Ventures, GlobalFoundries, Intel Capital, Lockheed Martin Ventures, Agave SPV, Atreides Capital, Berkeley Frontier Fund, IAG Capital Partners, Infinitum Capital, Nautilus Venture Partners, Tyche Partners, BlueSky Capital, Founders Fund, Playground Global, and TechU Venture Partners. “As a successful technology-focused crossover fund operating for over a decade, Ayar Labs represents our largest private investment to date. We believe that silicon photonics-based optical interconnects in the data center and telecommunications markets represent a massive new opportunity and that Ayar Labs is the leader in this emerging space with proven technology, a fantastic team, and the right ecosystem partners and strategy," Will Graves, Boardman Bay Capital Management CIO.