Sunday, June 13, 2021
Home Artificial Intelligence AI analog chip start-up raises finance

AI analog chip start-up raises finance

The AI analog chip start-up’s latest funding round was led by a private equity firm BlackRock and software company Hewlett Packard Enterprise

On Tuesday, Mythic, an AI analog chip start-up firm, which makes artificial intelligence chips for use in gadgets such as smart home devices or security cameras, said it raised $70 million in its latest round of funding.

The Redwood City, California-based AI analog chip maker started in 2012 has been using analog technology for its chips rather than digital. Digital chips store and process data in 1s and 0s, whereas analog chips can process wave forms such as speech or video and are used to digitize speech and video into 1s and 0s.

“What it really does is allows us to get essentially GPU levels of performance – those big book sized cards burning one hundred watts and costing $4,000 dollars”, said Mike Henry, co-founder and CEO of the AI analog chip maker.

GPUs are digital graphic chips often used for video processing and Nvidia Corp. is the biggest player in the market.

“With analog compute, we could get that same compute power in a small, low power, low cost chip. Something that can go into really any device out there”, he added.

To make sense of the data using algorithms, an explosion of gadgets and sensors collecting data everywhere is creating a huge need for new computing power and investors have been putting in big bets expecting one of the new AI analog chip start-ups to challenge the incumbent giants.

So far, Mythic has raised a total of $165.2 million and the latest round of funding will help accelerate plans for mass production, develop its next generation processors and build up software that works with the chips. It’s currently testing with potential customers.

Henry said that the Mythic chip can process the data, such as video, locally and just send key information back to the data centre for use if needed.

The AI analog chip start-up’s latest funding round was led by a private equity firm BlackRock and software company Hewlett Packard Enterprise.

Also read:Robots becoming an important part of the marketing industry

Do Follow: CIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

khushbu
Khushbu Sonihttps://www.cionews.co.in
Chief Editor - CIO News | Founder & CEO - Mercadeo

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -WhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PMWhatsApp Image 2020 11 10 at 1.52.58 PM

Most Popular

Driverless passenger car technology to be developed by Huawei by 2025

Expected to bring a sea change to the transportation industry, works on self-driving vehicle systems or driverless passenger car technology are...

Machine learning and mathematics notwithstanding, India lags in data skills

Despite having high proficiency in machine learning and mathematics, India ranks 67th globally, with 38 per cent proficiency and mid-rankings globally...

Cyber-security: India, Australia to broad-base cooperation

Cyber-security: India, Australia to broad-base cooperation

Cloud modernisation journey: Cognizant forms a unit with Google Cloud

Cloud modernisation journey: Cognizant forms a unit with Google Cloud

Recent Comments