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Venture Capital News: Point2 Technology Announces $22M Investment

SAN JOSE, CA, Point2 Technology, a provider of power connectivity solutions, announced today a $22M Series B funding round led by GU Equity Partners.
Point2 Technology, a provider of high-performance, low-power connectivity solutions for cloud and 5G infrastructure, announced today a $22M Series B funding round.

The round was led by GU Equity Partners, LLC with participation from new investors Molex Ventures, Samsung Securities, Shinhan Capital, Tigris Investment, K2 Investments and Korea Omega Investment. 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.
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