Doha - Sharikat Mubasher: Qatar Investment Authority (QIA), one of the world’s largest sovereign funds, participated in a $500 million series E funding round for Ayar Labs, a US-based leader in co-packaged optics (CPO) solutions for AI scale-up.

The round was led by Neuberger Berman and witnessed participation from existing financial institutions as well as new investors, including QIA, Alchip Technologies, ARK Invest, Insight Partners, MediaTek, Sequoia Global Equities, and 1789 Capital, the company announced in a statement yesterday.

Ayar Labs will use the capital to scale high-volume production and test capacity to accelerate the deployment of its CPO solution. This round brings the company’s total funding to $870 million and raises its valuation to $3.75 billion.

The new investment will help Ayar Labs expand global operations, strengthen ecosystem partnerships, and accelerate the deployment of its CPO solution.

QIA is one of the largest sovereign wealth funds in the world, with a portfolio including strategic stakes in high-profile international companies across various sectors. It recently announced its significant investments in Latigo Biotherapeutics and PsiQuantum.