Retym Raises $75M Series D

Artificial Intelligence Processing Chips

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2 days ago

Summary

Retym raises $75M in series D funding, develops AI-optimized chips for data centers, and aims to bring competition to the DSP market. The company is using TSMC's state-of-the-art 5 nanometer fab for its first chip, which is being tested now.

Key Points

Retym raises $75M in series D funding from existing investors Mayfield and Kleiner Perkins, bringing total raised to $180 million
The company is developing a 'programmable coherent digital signal processing DSP' chip that allows data centers to communicate faster both internally and externally
Retym's CTO co-founder Roni El-Bahar founded the startup to bring competition to the DSP market dominated by Marvell Technology

Why It Matters

The sudden rise of AI has put overwhelming pressure on data centers to be faster, more efficient, and handle bigger workloads. Retym's AI-optimized chips aim to address this issue and bring innovation to the industry.

Author

Julie Bort

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