Retym, a US chipmaker with Israeli roots, has collected a new $75 million Series D, led by James Kuklinski of Spark Capital. Existing investors – Navin Chada of Mayfield and Mamoon Hamid of Kleiner Perkins, also joined in, increasing the total to $180 million.
Chipmakers are another startup that will benefit from the brilliance of AI. The chip does not directly handle AI workloads. It is not a NVIDIAGPU competitor. It is working on a new “programmable coherent digital signal processing DSP” chip that allows data centers to communicate faster with both internal and external sources.
Data centers needed this kind of technology anyway, but the sudden rise in AI put pressure on them to handle faster, more efficient and larger workloads.
The company was founded in 2021, but was quiet in itself until Monday when it announced this Series D round. CTO co-founder Roni El-Bahar published his first blog post on Monday, saying he has set up a startup to bring competition to the DSP market, historically “controlled by a small number of large semiconductor companies.”
He mainly mentioned Marvell Technology, which currently dominates the DSP industry and has partnerships with Nvidia, Juniper Networks and others.
Retym – pronounced “Re-Time” – uses TSMC's cutting edge 5-nanometer fab for the first chip.
Retym did not immediately respond to requests for comment.