Point2 Technology introduced on March 4 that it has raised US$23 million in Series B1 funding from Bosch Ventures and Molex.

The firm’s e-tube know-how is 80% lighter and 50% much less voluminous than conventional copper wire. Additionally, it may possibly cut back energy consumption and price by 50% in comparison with optical cables, breaking standard knowledge about delays between AI servers and switches. This progressive e-tube know-how is rising as a market chief in next-generation multi-terabit interconnect know-how.

This funding will speed up Point2 Technology’s improvement of ultra-high-speed interconnect merchandise for AI and automotive purposes. The funding spherical noticed participation from main firms and repeated investments from Nautilus, Timefolio, Quantum Ventures, K2, and GU, with new buyers together with KAIC TO Ventures, POSCO Technology Investment, TKG Ventures, and D3, indicating a constructive analysis of interconnect options for the AI period.

With the funds raised, Point2 Technology goals to reinforce its competitiveness by ramping up manufacturing of 800 Gbps interconnect chipsets for AI servers, growing next-generation 1.6 Tbps interconnect merchandise for AI servers, and mass-producing optical dispersion chips for 5G/6G networks, in addition to accelerating its entry into the automotive community interconnect market.

Park Jin-ho, CEO of Point2 Technology, said, “Our initial goal is to become the world’s leading interconnect technology company with overwhelming competitiveness in AI/ML data centers and next-generation automotive applications.”

To date, the cumulative funding into Point2 Technology has reached US$54 million.