Point2 Technology: $23M Series B to Revolutionize AI and Automotive Connections

TLDR: Point2 Technology has raised $23 million in a Series B funding round led by Bosch Ventures and Molex to accelerate the development of its Multi-Terabit E-Tube interconnect platform. The funding will be used to reduce cable power consumption and cost by 50%, as well as advance Point2’s mission to revolutionize interconnect technology in AI/ML data centers and next-generation automotive applications. The company’s E-Tube technology uses RF data transmission over a plastic dielectric waveguide to enable multi-terabit active cables that are lighter and more compact than traditional copper and optical cables, with lower power consumption and better latency.