EdgeCortix, a Singapore-based AI-focused fabless semiconductor company, raised $8M in Series A funding.
The round was led by Vajra Direct with participation from Monozukuri Ventures and FuturePlay and family offices from Singapore and Japan.
The company intends to use the funds to both expand its sales channels and enhance the product portfolio.
In addition to the development of its own proprietary processor, EdgeCortix is actively collaborating with field-programmable gate array (FPGA) companies to license their AI hardware and software IP for both edge and server acceleration use-cases. Along with this funding, the company announced it’s partnering with enterprise class FPGA acceleration manufacturer BittWare (a Molex company) to bring to market its ultra-low latency AI inference IP and software with select BittWare hardware solutions in 2022.
Led by Sakyasingha Dasgupta PhD., founder and CEO, EdgeCortix focuses on enabling energy-efficient edge intelligence via its reconfigurable Dynamic Neural Accelerator® processor architecture and AI acceleration SoC SAKURA™, which bring power-efficiency with near cloud-level performance across infrastructure and embedded edge devices. Targeting advanced computer vision applications first, using software IP on existing processors like FPGAs and custom ASIC design, EdgeCortix is addressing the AI hardware space across defense, aerospace, smart cities, industry 4.0, autonomous vehicles and robotics.
The company has R&D and operations out of Tokyo, Japan and Arlington, Virginia USA.
FinSMEs
01/03/2022