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Retym Launches Out of Stealth with $180 Million to Drive AI Infrastructure Innovation

Retym Launches Out of Stealth with $180 Million to Drive AI Infrastructure Innovation

April 9, 2025 Craig Etkin

Spark Capital Leads Series D Round to Support Advancements in coherent DSP Solutions

CUPERTINO, Calif.–(BUSINESS WIRE)–Retym (pronounced “Re-Time”), a leading semiconductor firm, has emerged from stealth with over $180 million raised across multiple rounds to drive AI Infrastructure Innovation. In the latest financing round, the company secured $75 million in Series D funding, led by Spark Capital.

Retym specializes in programmable coherent DSP (digital signal processing) solutions for cloud and AI infrastructure, a foundational technology that enables faster and more efficient transmission within and between AI data centers. With the investment, James Kuklinski, General Partner at Spark Capital, joins Retym’s Board of Directors. The Series D funding marks a significant step forward for the company as it charts a multi-generation product roadmap designed to address the growing demand for AI-driven network bandwidth.

Alongside Spark Capital, existing investors Kleiner Perkins, Mayfield and Fidelity Investments, all participated in the round, further demonstrating confidence in Retym’s vision and execution. The Series D funding will support scaling to production and continued product development advancements.

“As AI workloads continue to scale exponentially, they’re creating unprecedented demands on critical infrastructure,” said James Kuklinski, General Partner, Spark Capital. “Retym’s exceptional team is uniquely positioned to address these challenges, developing products that will enable significant advancements in performance and scale. We’re excited to partner with Retym as they execute on their vision to deliver solutions that will help unlock the next wave of AI innovation.”

“At Mayfield, we invest in exceptional innovators who create category-defining companies. Sachin Gandhi and the Retym team, along with board director Syed Ali, combine rare semiconductor expertise with entrepreneurial drive to redefine AI infrastructure,” said Navin Chaddha, Managing Partner at Mayfield. “We see tremendous opportunity in Retym’s pioneering work on the next generation AI-driven interconnect technologies that will power tomorrow’s data centers.”

“The quest for AI innovation is encountering constraints from current infrastructure technology, and the talented team at Retym is perfectly positioned to introduce new foundational technology to unleash its potential,” said Mamoon Hamid, Partner, Kleiner Perkins. “Retym’s visionary team is already tackling essential bottlenecks in AI infrastructure with a groundbreaking approach to coherent DSPs, and we have been proud partners with them from the start.”

Retym enters the market at a time when the boundaries between “inside-the-datacenter” and “datacenter interconnect” are blurring. According to Dell’Oro Group, global spending on datacenter compute and networking is expected to exceed $1 trillion annually within the next decade, making optical networking and DSP solutions essential for unlocking AI’s true potential. Retym’s innovative, high-performance DSPs are designed to lead the way in power and performance, addressing the complex demands of modern AI infrastructure, and fostering a vibrant, competitive ecosystem.

“Coherent optics and the DSPs that drive them are becoming increasingly crucial for AI-driven data centers as data volumes and performance requirements continue to rise,” said Vlad Kozlov, founder and CEO of the research firm LightCounting. “The ongoing evolution of this market highlights the need for innovative and efficient solutions. Retym is entering the market at an opportune time to potentially capitalize on that need.”

“As AI infrastructure demands intensify, Retym is well-positioned to lead in delivering cost-effective and power-efficient DSP innovation for the rapidly evolving landscape,” said Sachin Gandhi, Retym’s co-founder and CEO. “We’re excited to collaborate with customers and ecosystem partners to integrate our DSPs into high-speed transceiver designs. With groundbreaking product announcements ahead, this is only the beginning.”

About Retym:

Retym is a semiconductor company empowering the future of AI infrastructure and cloud connectivity with DSP innovations that will shape the future of AI datacenter technology. The company unites top analog, DSP, VLSI, and optical communications experts with seasoned, visionary investors to build exceptional products that will transform AI infrastructure. For more information, please visit www.retym.com.

Contacts

Media and Analyst Contact:
10Fold Communications for Retym
retym@10fold.com

(c)2025 Business Wire, Inc., All rights reserved.


Venture Capital
Business Wire, California, Cupertino, Retym, Venture Capital

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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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