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Point2 Technology invests $22M in data center and 5G connectivity solutions

Point2 Technology | May 27, 2022

Point2 Technology, a leading developer of high-performance, low-power connectivity solutions for cloud and 5G infrastructure, has raised $22 million in a Series B round of funding. Molex Ventures, Samsung Securities, Shinhan Capital, Tigris Investment, K2 Investments, and Korea Omega Investment were among the new investors in the round, led by GU Equity Partners, LLC. In addition, the fundraising round included existing investors GU Equity Partners, Timefolio Investment, Nautilus Venture Partners, Quantum Ventures Korea, and Walden International.

Point2 Technology develops and manufactures low-power, high-speed point-to-point interconnect solutions for 5G infrastructure and cloud-based data centers. Due to appealing economics, these network requirements are constantly increasing, pushing interconnect speeds past 400G and even 800G. High-performance, low-power, and cost-effective interconnect technologies are required for next-generation data centers to considerably improve reach and capacity.

"We are pleased to have a new investor of the caliber and reputation of Molex Ventures join our existing group of top-tier investors. 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. This funding round will help us expand further into multiple market segments and develop new products as we position the company for long-term growth."

said Sean Park, CEO of Point2 Technology

The primary challenges with copper and optical interconnects that limit performance and raise the total cost of ownership of high-speed networks have been solved by Point2 Technology. To proliferate 400G disaggregated chassis designs for hyperscale data centers, Point2's high-performance interconnect solutions offer a cost-effective alternative to expensive active optical cables (AOC) and performance-limited direct attach cables (DAC). To meet the growing demand for high-speed, high-capacity data center, cloud, and edge-optimized technologies, the company's scalable interconnect solutions extend the reach and capacity of active electrical cable (AEC), optical, and wireless solutions.

"Point2 Technology has the leadership team, breakthrough technology and the track record of execution necessary to deliver industry-leading interconnect solutions to its customers and superior financial performance for investors," said Kangwoon Lee, senior executive director, GU Equity Partners. "The company is very well positioned to help grow the optical interconnect networking industry into the multi-terabit era. We look forward to partnering with the Point2 Technology team to support the company's long-term growth strategy."

As the company expands into several countries and accelerates installations, Point2 Technology expects to use the current amount of capital to execute its growth strategy by increasing its product roadmap and scope of product capabilities. With its complete reference design, which includes a printed circuit board (PCB), comprehensive software, and built-in self-test capabilities geared for high-volume manufacturing, the company helps customers get to production rapidly.

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