Ayar Labs, a leader in silicon photonics for chip-to-chip connectivity, announced the appointment of co-founder and CTO Mark Wade to serve as its new Chief Executive Officer (CEO). Wade succeeds Charles Wuischpard who will continue to serve in an advisory capacity over the coming weeks before he transitions out of the company in mid-January.
“I’m humbled and honored to take on the role of CEO for Ayar Labs,” Wade said. “There is a growing sense of momentum across the industry as it becomes increasingly clear that optical I/O enables large-scale AI compute and other data intensive workloads to operate at bandwidths, energy efficiencies, and latencies that are unachievable through electrical based interconnect technology. I look forward to guiding our incredible team to capitalize on this opportunity, enabling our customers to realize the full potential of in-package optical I/O, and helping the company accelerate into our next growth phase.”
“Mark’s deep understanding of Ayar Labs’ technology and its application is shaped by a breadth of industry and customer engagements that make him the ideal leader to carry the company forward to its next stage of growth. At the same time, I would like to thank Charlie for his tremendous leadership and contributions to the company over the past five years, and for his ongoing guidance to ensure a seamless leadership transition in the coming weeks,” said Matt Hershenson, partner and co-founder of Playground Global.
Mark Wade is recognized as a pioneer in photonics technologies and, prior to founding Ayar Labs, led the team that designed the optics in the world’s first processor to communicate using light. He and his co-founders invented breakthrough technology at MIT and UC Berkeley from 2010-2015 which led to the formation of Ayar Labs.
“With strategic investments from NVIDIA, Hewlett Packard Pathfinder, Intel Capital and several others, Ayar Labs is deeply partnered with the commercial ecosystem and well positioned to scale to meet the high-volume opportunity we see with in-package optical I/O. 2023 has been an impressive year of progress for the company and I look forward to Mark and the team building on this in 2024 and beyond,” said Will Graves, Chief Investment Officer at Boardman Bay Capital Management, which led Ayar Labs’ Series C funding.
SOURCE: Businesswire