EdgeCortix Secures $8 Million+ in Series A   

by Kay Aloha Villamor in March 1st, 2022

EdgeCortix®, a Singapore-based AI-focused fabless semiconductor company today announced that it closed over $8 million in Series A funding. 

The round was led by US-based Vajra Direct, with participation from Monozukuri Ventures (Japan), FuturePlay (South Korea), and family offices from Singapore and Japan. All existing investors participated in this round, which was ultimately oversubscribed. 

Funds from the current round will be leveraged to expand sales channels and enhance the product portfolio. On the technology side, EdgeCortix will continue to expand its robust engineering center in Japan, while also building out the US sales and marketing teams to deliver the EdgeCortix high-performance low-power AI co-processor chip SAKURA to a global market. 

Company: EdgeCortix Inc.

Raised: $8.0M+

Round: Series A

Funding Month: February 2022

Lead Investors: Vajra Direct

Additional Investors: Monozukuri Ventures and FuturePlay

Company Website: https://www.edgecortix.com/

Software Category: AI hardware and software co-exploration engine

About the Company: Founded in July 2019 with the radical idea of taking a software-first approach, EdgeCortix is a fabless semiconductor design company focused on enabling energy-efficient edge intelligence. EdgeCortix is on a mission to rethink chip design using AI-driven automation, specifically geared towards multiple orders of magnitude improvement in energy-efficient, low cost, small-time to market, edge devices with real-time deep learning capability. EdgeCortix's reconfigurable Dynamic Neural Accelerator® processor architecture and AI acceleration SoC SAKURA™ brings best-in-class power efficiency with near cloud-level performance across infrastructure and embedded edge devices. EdgeCortix solutions offer lower latencies for real-time applications and greater than 10x improvement in frames per second per watt (FPS/Watt) compared to existing GPU-based solutions. Headquarter in Singapore with R&D and operations out of Tokyo, Japan, and Arlington, Virginia USA.


Source: https://www.prnewswire.com/news-releases/energy-efficient-ai-semiconductor-company-edgecortix-closes-series-a-funding-301491328.html



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