Motivo, Inc. Raises $12 Million Series A To Accelerate Ai-Enabled Chip Design And Improve Manufacturing Yields
Amount Raised
$12 Million
Round Type
Series A
San FranciscoOtherInformation TechnologyHardwareSoftwareMedia And EntertainmentVideoData And AnalyticsScience And EngineeringArtificial IntelligenceDescription
Motivo®, Inc., developer of AI-enabled chip design and data analytics solutions, today announced it raised a $12 million Series A financing round led by Intel® Capital, along with other new investors Storm Ventures and Seraph Group as well as participation from Inventus Capital and other existing investors that include multiple IC industry C-suite executives. This financing follows earlier seed rounds of $8 million, bringing total capital raised to $20 million. With this oversubscribed funding round, Motivo is set to take significant strides to deliver on its vision of using its AI-driven solutions to reduce by a factor of 10 today’s time and cost to design and ramp yield on the next generation of chips. The company plans to apply the funding to scale the business and double the team within the next 12 months.
Quick answer
Motivo raised $12 Million in a Series A round, dated August 12, 2021. Motivo is based in San Francisco, California, United States.
- How much did Motivo raise?
- Motivo raised $12 Million in a Series A round on August 12, 2021.
- What does Motivo do?
- Motivo, Inc. is a developer of AI-enabled chip design and analytics solutions with offices in Palo Alto, Austin & Singapore.
- Where is Motivo based and how big is it?
- Motivo is based in San Francisco, California, United States.
Source: Fundz verified event record.
Who else raised in Hardware and Media And Entertainment around the same time
Companies in the same sectors as Motivo that raised within 45 days of this round, from Fundz verified event records.
- Blue White Robotics raised $37M (Series B) on September 23, 2021.
- Bidgely raised $26M (Funding Round) on September 16, 2021.
- Bright Money raised $31M (Funding Round) on September 16, 2021.
- Kewazo raised $5M (Series A) on September 15, 2021.
- Bidgely raised $26M (Funding Round) on September 14, 2021.
- Spice AI, Inc. raised $618K (Pre-Seed) on September 14, 2021.
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