Point2 Technology, a leading provider of high-performance, low-power connectivity solutions for cloud and 5G infrastructure, announced today a $22M Series B funding round.
Point2 Technology designs and manufactures low-power, high-speed, point-to-point interconnect solutions designed to meet the multi-terabit bandwidth requirements of 5G infrastructure and cloud-based data centers. These network requirements are growing rapidly due to compelling economics driving interconnect speeds beyond 400G and even 800G. Next-generation data centers require high-performance, low-power and cost-efficient interconnect solutions that significantly increase reach and capacity.
Point2 Technology has solved the fundamental problems of copper and optical interconnects that limit the performance and increase the total cost of ownership of high-speed networks. Point2’s high-performance interconnect solutions provide a cost-effective alternative to expensive active optical cables (AOC) and performance-limited direct attach cables (DAC) to proliferate 400G disaggregated chassis configurations for hyperscale data centers. The company’s scalable interconnect solutions increase reach and capacity for active electrical cable (AEC), optical and wireless solutions to address the growing demand for high-speed, high-capacity data center, cloud and edge-optimized technologies.
Point2 Technology plans to use the new round of funding to execute its growth strategy by expanding its product roadmap and scope of product capabilities as the company expands into multiple markets and accelerates deployments. The company helps customers get to production quickly with its comprehensive reference design including a printed circuit board (PCB), comprehensive software and built-in self-test capabilities optimized for high-volume manufacturing.
Sean Park, CEO of Point2 Technology
Enthusiastic investor support culminates an exciting year of growth across all dimensions of our business and validates our momentum in the fast-growing infrastructure interconnect market. Point2 has developed innovative technologies that dramatically drive down the costs and power demands of high-performance connectivity solutions for multi-terabit 5G and cloud-based data centers.
