Snowcap Compute raises $23 million for superconducting AI chips, led by the former Intel CEO joining its board to revolutionize AI computing efficiency.

Jun 23, 2025•about 2 months ago

Amount Raised

$23 Million

Redwood CityArtificial Intelligence

Description

Snowcap Compute, a startup focused on superconducting technology for AI chips, has raised $23 million in funding. The investment aims to develop computers that outperform existing AI systems while consuming less electricity. Notably, the former CEO of Intel will join the company’s board. This initiative could address the growing demand for efficient computing power.

Company Information

Company

Snowcap Compute

Location

Redwood City, California, United States

About

Snowcap Compute is a startup focused on developing artificial intelligence computing chips using superconducting technology. The company's mission is to create computers that can outperform today's best AI systems while utilizing significantly less electricity. Snowcap's innovative approach involves the use of superconductors, which have been theorized for chip development since the 1990s. The founding team includes experts from the chip industry with extensive backgrounds in superconducting technologies.

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