Eta Compute Inc., a Westlake Village, Calif.-based leader in energy-efficient endpoint AI solutions for intelligent sensing anywhere, closed its $12.5m Series C funding, bringing total funds raised to $31.9m.
The round was led by Synaptics Incorporated with participation from existing investors. In conjunction with the funding, Satish Ganesan, Chief Strategy Officer at Synaptics, will join the Eta Compute Board of Directors.
The company intends to use the funds to expand its available market, grow design wins and accelerate the introduction of new modules and software.
Led by Dr. Ted Tewksbury, CEO, Eta Compute delivers energy-efficient AI processing which eliminates battery capacity as a barrier for innovative industrial and consumer applications through its patented Continuous Voltage and Frequency Scaling (CVFS) technology.
The company also announced a co-development and co-marketing partnership with Synaptics. The partnership gives Eta Compute access to Synaptics’ just announced ultra-low power Katana Edge AI SoC, and Synaptics access to Eta Compute’s TENSAI® Flow software and neural network compilers, models and AI applications. The joint partnership accelerates the introduction of innovative ultra-low power audio- and vision-based edge AI solutions for smart home consumer IoT markets, and for smart industrial IoT (IIoT) applications in buildings, factories, and cities.
Earlier this year, Eta Compute introduced TENSAI®, an energy efficient endpoint AI platform, consisting of the ECM3532 neural sensor processor, the TENSAI® Flow software and neural network compiler, and a family of board-level solutions and optimized neural networks. While Eta Compute will continue to develop its TENSAI® AI software platform, it will expand its focus to complete systems that address its customers’ need for commercially deployable whole product solutions.