Mythic Raises $70 Million In Series C Funding Led By Blackrock And Hewlett Packard Enterprise
05/11/21, 1:15 PM
Location
redwoodMoney raised
$70 million
Round Type
series c
Mythic, the pioneering analog AI processor company with breakthrough analog compute-in-memory technology, today announced $70 million in Series C funding led by BlackRock and Hewlett Packard Enterprise (HPE). The Series C round brings Mythic's total funding to $165.2 million. Mythic will use the new funding to accelerate plans for mass production of its groundbreaking AI inference solutions and increase support for the company's growing customer base, which spans across APAC, Europe and the U.S. Mythic will also use the money raised to develop its next generation hardware platform and build out its software portfolio.
Company Info
Location
redwood, minnesota, united states
Additional Info
Founded in 2012, Mythic has developed a unified hardware and software platform featuring its unique Mythic Analog Compute Engine (Mythic ACETM) to deliver revolutionary power, cost, and performance that shatters digital barriers preventing AI innovation at the edge. The Mythic Analog Matrix Processor (Mythic AMPTM) makes it much easier and more affordable to deploy powerful AI solutions, from the data center to the edge device. The company has raised over $165.2 million to-date and has offices in Redwood City, CA and Austin, TX.
Allison DeLeo Racepoint Global 1 (415) 694-6700[email protected]
SOURCE Mythic