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Edgecortix Closes $20 Million In Additional Funding Round

PRIVATEOct 04, 2023

Amount Raised

$20 Million

Round Type

Funding Round

TokyoHardwareSoftwareData And AnalyticsScience And EngineeringArtificial Intelligence

Investors

Monozukuri VenturesCycle GroupRenesas Electronics CorporationGlobal Hands On Vc (Ghovc)Sbi Investment Co., Ltd.

Description

EdgeCortix® Inc., a Japan-based edge artificial intelligence (AI) fabless semiconductor development and design company today announced the closing of a $20 million (approximately ¥3 billion) funding round led by Japan's foremost venture capital (VC) firm SBI Investment Co. Ltd. and Global Hands-On VC (GHOVC), a leading Japan-US collaboration-focused VC with a history of successful semiconductor investments. In addition, EdgeCortix also received an investment from Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, to extend its strategic collaboration with EdgeCortix on AI/ML (Machine Learning) development

Company Information

Company

EdgeCortix

Location

Tokyo, Tokyo, Japan

About

EdgeCortix is an Edge Artificial Intelligence (AI) Platform company, pioneering the future of the connected intelligent edge. It was founded in 2019 with the radical idea of taking a software first approach, while designing an artificial intelligence specific runtime reconfigurable processor from the ground up using a technique called "hardware & software co-exploration". Targeting advanced computer vision applications first, using proprietary hardware and software IP on existing processors like FPGAs and custom designed ASIC, the company is geared towards positively disrupting the rapidly growing AI hardware space across defense, aerospace, smart cities, industry 4.0, autonomous vehicles and robotics.

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EdgeCortix raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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