Aspinity, a Pittsburgh, PA-based maker of ultra-low-power analog machine learning processors, raised $5.3m in Series A funding.
The round was led by Anzu Partners, with participation from Amazon’s Alexa Fund, Birchmere Ventures, Mountain State Capital and Riverfront Ventures. In conjunction with the funding, the company announced the expansion of its board of directors with the appointment of Dr. Jimmy Kan, principal at Anzu Partners.
The company intends to use the funds to speed deployment of its first neuromorphic analog-processing chip, enhance the technical and partner support teams, and scale volume production.
Founded in 2015 by Tom Doyle, CEO, Aspinity leverages machine learning enabled by proprietary analog circuit technologies, to improve battery life in smart electronic devices that are always on and always sensing the environment for acoustic, vibrational, or other ambient triggers. The company targets the voice/sound wake-up, industrial machine health monitoring, wearable health monitoring, and other applications in IoT, consumer, industrial and biomedical markets.