Mixx Technologies raises $33 million from ICM HPQC, TDK Ventures, others

Deeptech startup Mixx Technologies has raised $33 million led by the Singapore-based ICM HPQC Fund, with participation from TDK Ventures, SystemIQ Capital, AVITIC Innovation Fund, and others.

Mixx specialises in optical interconnect solutions for artificial intelligence and high-performance computing, which helps AI systems handle workloads efficiently and faster.

The rising usage of AI models requires GPUs running at massive scale in the backend. “The data centres where GPUs are deployed are burning gigawatts of power to compute all that information.