APPLICATION INFRASTRUCTURE

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

Point2 Technology | May 27, 2022

Point2 Technology
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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APPLICATION INFRASTRUCTURE,APPLICATION STORAGE,IT SYSTEMS MANAGEMENT

MFP Technology Services Expands its Partnership with Lenovo Infrastructure Solutions Group into Europe

MFP Technology Services | November 03, 2022

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APPLICATION STORAGE, DATA STORAGE, IT SYSTEMS MANAGEMENT

Fivetran and Oldcastle Infrastructure Win Ventana Research’s 2022 Digital Leadership Award

Fivetran | November 02, 2022

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APPLICATION INFRASTRUCTURE, DATA STORAGE, IT SYSTEMS MANAGEMENT

Parler Completes $16M Series B, Acquires Private Cloud Infrastructure Company to Become Key Infrastructure Player with Major US Footprint

Parlement Technologies | September 19, 2022

Parler, the leading viewpoint-neutral, free speech social media platform, today announced that it has secured $16M in Series B funding, for a total of $56 million in funding to date. The new capital will fuel Parler's vision to leapfrog the industry by building the world's premier free speech technology infrastructure and platform. With today's funding news, the company is also announcing the acquisition of Irvine, CA-based private cloud company Dynascale Inc., which provides businesses around the globe with private and hybrid cloud solutions and customized managed services as an alternative to Big Tech providers. In addition to the company's funding and acquisition news, Parler is also announcing that it has restructured into Parlement Technologies, Inc., and will operate a diversified yet cohesive portfolio of technology and platforms to power the future of free speech. Dynascale Inc. will anchor the company's infrastructure division and Parler, its social media division. "We are entering a new era as Parlement Technologies, one that goes far beyond the boundaries of a free speech social media platform. "Beginning today, we are building a new company that powers vital functions across business touch points from front-of-house customer viewpoints to back-of-house web infrastructure. We believe that Parlement Technologies will power the future. And the future is uncancelable." Parlement Technologies CEO George Farmer Dynascale Inc., which will operate as a wholly owned subsidiary of Parlement Technologies, provides companies with best-in-class private and hybrid cloud solutions, disaster recovery, colocation, managed network services, custom managed services, and free transition support while offering 24/7/365 live support for all customers. The company has a raised floor footprint of more than 50 thousand square feet and serves a global list of enterprise companies spanning across every business vertical. Dynascale holds SOC2 TYPE2 and HITRUST yearly compliance audits, helping companies meet their individual compliance requirements. "We're thrilled to be joining the Parlement team, especially now as the company enters a new and exciting era of forward-thinking leadership and innovation," said Igor Shalkevich, former President of Dynascale Inc. and now Head of Business Development of Dynascale. "Our solutions facilitate cloud maturity, and we're honored to serve as the anchor for building out what will become an entire ecosystem to secure business infrastructure and help amplify free speech platforms." About Parlement Technologies Parlement Technologies serves as the parent company and home of the premier free speech social media app, Parler, and leading technology systems, including Web3 and secure cloud services, known as DeepRedSky and Dynascale Inc. The company is a guiding force in the fight against Big Tech, Big Government, censorship, and cancel culture. Parlement is based in Nashville, TN, and has a growing global community of industry trailblazers, product and service providers, content creators, freethinkers, and loyal platform users.

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HYPER-CONVERGED INFRASTRUCTURE,APPLICATION INFRASTRUCTURE,DATA STORAGE

Despite disappointing numbers, NVIDIA's core business remains strong, as shown by Liftr Insights data

Liftr Insights | November 11, 2022

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