Retym, a U.S.-based chipmaker with Israeli origins, has secured an additional $75 million in a series D funding round, led by James Kuklinski of Spark Capital. The funding round also saw participation from existing investors, including Mayfield’s Navin Chaddha and Kleiner Perkins’ Mamoon Hamid, bringing the total amount raised to $180 million, as stated on the company’s website.

Retym is yet another startup that is reaping the benefits of the growing demand for AI technologies. Although its chips are not designed to directly process AI workloads, thereby not competing with Nvidia GPUs, the company is developing a novel “programmable coherent digital signal processing DSP” chip. This innovation enables faster communication within data centers and with external sources, which is a crucial aspect of modern data processing.

The need for such technology has always been present in data centers, but the recent surge in AI adoption has intensified the pressure on these facilities to enhance their speed, efficiency, and capacity to handle increased workloads.

Founded in 2021, Retym had maintained a low profile until the announcement of its series D funding round on Monday. On the same day, the company’s CTO and co-founder, Roni El-Bahar, published his inaugural blog post, revealing that the startup was established to introduce competition into the DSP market, which has traditionally been dominated by a handful of large semiconductor companies.

El-Bahar’s statement was largely aimed at Marvell Technology, the current leader in the DSP industry, which has partnerships with prominent companies such as Nvidia and Juniper Networks.

Retym, pronounced “re-time,” is leveraging TSMC’s state-of-the-art 5 nanometer fabrication facility for the production of its first chip, which is currently undergoing testing, as reported by the company to Reuters via a statement.

Retym has not responded immediately to a request for further comment on the matter.