Point2 raises $22 million from Bosch, Molex for data-over-plastic

Point2 raises $22 million from Bosch, Molex for data-over-plastic

Business news |
By Peter Clarke

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Point2 Technology Inc. (San Jose, Calif.), a provider of networking SoCs and transceivers, has said it has raised US$22.6 million in a Series B extension led by Bosch and Molex.

The money will be used to accelerate the commercialization of Point2’s multi-terabit E-Tube interconnect platform, Point 2 said. Point2 claims its technology will be used in datacentre applications and could be disruptive in the automotive sector.

Point2 is also partnering with strategic investor Molex with regard to E-Tube technology. E-Tube allows RF data transmission over plastic dielectric waveguide to enable multi-terabit active cables with 80 percent lower weight and 50 percent less bulk than copper cables. Compared to optical cables, E-Tube is expected to reduce power consumption and costs by 50 percent while providing picosecond latencies that are three orders of magnitude better.

“We are thrilled to have support from Bosch, a Tier 1 supplier in the automotive industry, and from Molex as we advance our mission to revolutionize interconnect technology in AI/ML data centers and next-generation automotive applications,” said Sean Park, Point2’s founder and CEO, in a statement.

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