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Ayar Labs, a leading provider of optical interconnect solutions, has raised $155 million in Series D funding, bringing its valuation to over $1 billion. The investment underscores the growing demand for innovative solutions to address the computational and power demands of artificial intelligence.

A new report reveals a significant drop in the average salaries of startup founders in India during FY24, reflecting the challenges posed by a funding slowdown. This decline follows a sharp decrease in overall funding for Indian startups.