Other Deals
US-based optical interconnect solutions provider Mixx Tech raises $33-M
California-based Mixx Technologies has raised USD 33 million, led by Singapore-based ICM HPQC Fund, with participation from TDK Ventures, SystemIQ Capital, and AVITIC Innovation Fund, among others.Founded in 2023 by Vivek Raghuraman and Rebecca K. Schaevitz, Mixx Technologies offers optical interconnect solutions for artificial intelligence (AI) and high-performance computing, designed to facilitate efficient connectivity between GPU (Graphics Processing Unit) chips.The company plans to use the new funds to strengthen its research and development division for product development, expand its team in Bengaluru, and enter new geographies, including Taiwan.Kaynes Technologies acquired a 13.2% stake in Mixx Technologies for USD 3 million in January 2024.
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