Mythic doubles down on analog AI with $70 million more.

June 08, 2021 // By Peter Clarke
Mythic doubles down on analog AI with $70 million more.
Mythic Inc. (Redwood City, Calif.) – which is developing analog compute-in-memory machine learning technology – has raised $70 million in a Series C round of financing.

This follows on from a $70 million Series B in 2019 and brings the total raised by the company to about $165.2 million since its formation in 2012 as Isocline Engine Corp. The latest round of funding was led by BlackRock and Hewlett Packard Enterprise

Mythic said it will use the injection of money for mass production of its AI inference solutions and supporting customers, to develop a next-generation processor and build out the complementary software portfolio.

Mythic announced the what if claimed was the industry's first analog matrix processor, the M1108 (see Industry-first AI analog matrix processor launched ). It has a typical power consumption of 4W while running complex AI models and was implemented in 40nm manufacturing process technology. The device does analog compute in a flash memory array.

Related links and articles:

www.mythic-ai.com

News articles:

Micron, Lam help raise Mythic's Series B to $70 million

Industry-first AI analog matrix processor launched

Mythic AI adopts RISC-V core from Codasip

Machine learning chip startup raises $9 million


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