Point2 Technology Announces $22M Investment
Summary
Point2 Technology, a provider of high-performance, low-power connectivity solutions for cloud and 5G infrastructure, announced today a $22M Series B funding round. Existing investors GU Equity Partners, Timefolio Investment, Nautilus Venture Partners, Quantum Ventures Korea and Walden International also participated in the round of funding. 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.