Neuchips, a Los Altos, CA- and Taipei, Taiwan-based provider of an AI ASIC platforms for deep learning recommendation, raised $20M in Series B2 funding.
The round includes strategic investors Wistron, JAFCO Asia, Powerchip Group, and Raydium Semiconductor Corporation.
The company intends to use the funds to expand operations, and its business reach.
Led by CEO Youn-Long Lin, Neuchips develops purpose-built AI solutions that provide energy-efficient and cost-efficient deep learning inference accelerators that deliver low TCO for data centers. Its first product, RecAccel N3000, was designed specifically for DLRM and will be ready to sample later this year with software and leading-edge performance.
The company was founded by a team of veteran IC & SW design experts in 2019 who are focused on designing the world’s best recommendation systems. The management and R&D team has decades of experience from leading semiconductor companies and hold patents in signal processing, neural networks, and circuit design.
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