Flex Logix Raises $55M in Series D Financing

Flex Logix Technologies

Flex Logix Technologies, Inc., a Mountain View, Calif.-based supplier of an AI edge inference accelerator and supplier of eFPGA IP, closed a $55m Series D funding round.

The round was led by Mithril Capital Management with participation from existing investors Lux Capital, Eclipse Ventures and the Tate Family Trust.

The company intends to use the funds to continue to expand operations and its business reach.

Led by Geoff Tate, CEO and Co-founder, Flex Logix is a reconfigurable computing company providing AI inference and eFPGA solutions based on software, systems and silicon. Its InferX X1 is an AI edge inference accelerator that aims to bring AI to the masses in high-volume applications by providing higher inference throughput per dollar and per watt. Flex Logix’s eFPGA platform enables chips flexibly handle changing protocols, standards, algorithms, and customer needs and to implement reconfigurable accelerators that speed key workloads 30-100x compared to processors. The company also has offices in Austin, Texas.