Mixx Technologies, a deeptech startup focused on optical interconnect solutions for artificial intelligence and high-performance computing, has raised USD 33 million in new funding.
Singapore-based ICM HPQC Fund led the round, while TDK Ventures, SystemIQ Capital, AVITIC Innovation Fund and other investors also participated.
The California-headquartered company plans to invest the fresh capital in strengthening its R&D capabilities, accelerating product development, and expanding its engineering team in Bengaluru. Additionally, it aims to enter new markets such as Taiwan, where it intends to establish manufacturing and operations teams starting January 2026. Mixx Technologies currently operates in both the US and India.
Founded in 2023 by Vivek Raghuraman and Rebecca K Schaevitz, the startup develops optical interconnect systems built to support advanced AI and computing workloads. Its platform relies on silicon photonics and advanced packaging to transfer data efficiently between GPUs in data centres.
The company says this method reduces performance and power bottlenecks that often hinder AI infrastructure. Moreover, Mixx Technologies plans to expand its workforce from around 25 employees to more than 75 in the coming months. Earlier, in January 2024, Kaynes Technologies acquired a 13.2 percent stake in the company for USD 3 million.
This funding arrives at a time when investors are showing growing interest in deeptech companies, especially those advancing the rapid scaling of AI. Last week, Singapore-based LightSpeed Photonics raised USD 6.5 million to support its optical interconnect technology for AI data centres.
