Deeptech startup Mixx Technologies secures major funding to expand AI infrastructure, grow engineering teams, and enter new international markets

Mixx Technologies, a California-based deeptech startup, has secured USD 33 million in funding to accelerate global expansion and strengthen its AI-focused product offerings. The Series A round was led by Singapore-based ICM HPQC Fund, with participation from TDK Ventures, SystemIQ Capital, AVITIC Innovation Fund, and other investors.

Founded in 2023 by Vivek Raghuraman and Rebecca K Schaevitz, Mixx Technologies specializes in optical interconnect solutions designed to enhance AI infrastructure and high-performance computing workloads. Its platform leverages silicon photonics and advanced packaging to move data efficiently between GPUs in data centers, addressing common performance and power bottlenecks.

Global expansion and team growth

The company plans to use the funding to expand R&D capabilities, accelerate product development, and grow its engineering presence in Bengaluru. Additionally, Mixx Technologies aims to enter new international markets, including Taiwan, where it intends to establish manufacturing and operations teams starting January 2026.

Currently, the startup operates across the US and India, and plans to grow its team from around 25 employees to more than 75 in the coming months. Earlier, in January 2024, Kaynes Technologies acquired a 13.2% stake in the company for USD 3 million, signaling early confidence in Mixx’s vision.

Riding the deeptech and AI wave

Investor interest in deeptech startups supporting AI growth is surging. Mixx Technologies’ funding aligns with a broader trend: companies developing AI infrastructure are attracting significant capital as artificial intelligence adoption accelerates globally. For example, Singapore-based LightSpeed Photonics recently raised USD 6.5 million for its optical interconnect solutions targeting AI data centers.

With this new capital, Mixx Technologies is well-positioned to scale its solutions, expand its team, and strengthen its presence in key international markets—helping to meet the growing global demand for high-performance AI infrastructure.

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