AlphaICs raised $8 million in funding
AlphaICs has raised $8 million in Series B funding led by Endiya Partners and Emerald Technology Ventures, a startup that designs and develops chipsets for the processing of artificial intelligence workloads.
Co-founded by former Intel executive Vinod Dham, AlphaICs has developed its proprietary Real AI Processor (RAP) modular and scalable architecture that is aimed at the edge of AI processing.
In order to reduce the use of bandwidth and increase response times, Edge computing refers to a device design where processing and data storage is brought closer to the position where it is required.
The company said it would use the money to use the funds to bring its Gluon AI chip into the manufacturing process, to improve its software stack, and to create solutions for its target markets.
This funding will help us bring our first inference co-processor to the low latency requirements vision applications market. Pradeep Vajram, chairman and CEO of AlphaICs, said that we are also collaborating with strategic partners to introduce creative technologies to the industrial, automotive, and surveillance markets.