Funding News: Chip Startup Retym Raises $75 Million to Transform AI Data Center Interconnectivity

Startup: Retym

Founder: Sachin Gandhi

About us: AI is transforming industries at an unprecedented scale - but today’s data center infrastructure wasn’t built to keep up. As AI workloads grow more complex and data volumes double every two years, connectivity - not compute - has become the bottleneck.

Founded Year: 2021

Office: Cupertino, CA

Sector: Semiconductor Manufacturing

Funding Round: Series C

Investors: Not disclosed

Retym, a rapidly expanding semiconductor startup, has raised $75 million in its most recent funding round, taking its total funding to date to $180 million. The firm is using the investment to create sophisticated networking chips tailored for artificial intelligence (AI) computing within data centers, Retym said.

The proliferation of AI use cases has established a growing need for rapid data movement across and within large data centers. Retym is focused on building digital signal processing (DSP) chips that maximize data transmission efficiency, an important need for AI workloads. The company will seek to overcome connectivity bottlenecks by optimizing data movement between thousands of chips that are connected to one another to train and deploy AI models such as ChatGPT.

Website: https://www.retym.com/