Bosch Ventures, the corporate venture capital unit of the Bosch Group, has participated in the $22 million Series B extension from tevch firm Point2.
In a statement, Bosch said the funding positions Point2 as a potential disruptor for network interconnect in the automotive market. It also says that through shattering the “copper or optics” paradigm for high-speed cable interconnect, E-Tube breaks the barriers of copper and optical cabling and is ‘poised to become the next-generation multi-terabit interconnect technology for datacenter applications and the automotive sector’.
Go deeper with GlobalData
The new E-Tube platform uses RF data transmission via a plastic dielectric waveguide to enable multi-terabit active cables. According to Point2, this results in 80% lower weight, 50% less bulk compared with copper cables, and 50% lower power consumption and costs compared with optical cables. This profile gives the E-Tube platform the potential to replace both.
A potential disruption for the automotive connectivity market
Advanced driver assistance systems (ADAS) in automotive are adopting a network-centric architecture to connect hundreds of sensors, driving the need for low-power, low-latency, lightweight, and flexible interconnect for future automotive applications.
See Also:
“We are thrilled to have support from Bosch Ventures and Molex as we advance our mission to revolutionize interconnect technology in AI/ML data centers and next-generation automotive applications,” said Sean Park, Point2’s founder and CEO. “Our investment from Bosch Ventures underlines the importance and high potential of Point2’s low-power, low-latency, scalable interconnect technologies in the expansive automotive sector, and further amplifying our impact connecting AI workloads for the growing data center market.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“Moving forward, interconnect provides critical infrastructure for high-performance and energy-efficient data centers and networked automotive applications,” said Ingo Ramesohl, Managing Director of Bosch Ventures. “Point2’s unique interconnect SoC solutions deliver the high-bandwidth interconnect required in the data center and automotive sector while reducing energy consumption and minimizing carbon footprint. The company and its technologies have a high potential to become a disruptor in network interconnect in both markets.”
Strong partnerships
Besides Bosch Ventures, strategic investor Molex is also joining the round, and plans to support the future commercialization of the E-Tube technology. Existing investors are participating and make up the rest of the oversubscribed round.
The boost in funding comes at a time when the use of AI in data centers is skyrocketing, Bosch says. Generative AI and large language models are increasing the demand for computing resources and network interconnect capacity in next-generation hyperscale data centers, where the integration of Point2 interconnect chips is set to revolutionize connectivity.
In the past, Point2 has already gained recognition for its ultra-low-power, low-latency, cloud-optimized mixed-signal SoCs, which are purpose-built for active electrical cables (AECs). AECs built with Point2’s Cloud Connect Engines require significantly less power and space than other AEC solutions.
