Retym, a U.S. chipmaker founded in 2021 with Israeli roots, has secured $75 million in Series D funding led by James Kuklinski of Spark Capital. The new funds will help develop their programmable digital signal processing (DSP) chip, enhancing internal and external data center communication. This development is timely, given the mounting pressures on data centers due to the rising demands of AI technologies. Roni El-Bahar, CTO and co-founder, seeks to challenge the dominance of established firms like Marvell Technology in the DSP market. Retym is utilizing TSMC's advanced 5nm technology for its chip, which is currently in testing.
Retym is raising $75 million in a Series D funding round led by Spark Capital to advance its programmable DSP chip technology, enhancing data center communication.
The company aims to bring competition to the DSP market, currently dominated by companies like Marvell Technology, which holds significant partnerships in the industry.
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