Rapid Silicon, a Los Gatos, CA-based provider of AI and intelligent edge-focused FPGAs based on open-source technology, announced its $30 million Series A round.
The company has closed $15 million in funding from Cambium Capital and others, including all existing investors from its seed round. The second close is planned for Q1 2023.
This latest round of funding will be used to further invest in Rapid Silicon’s product portfolio, support the launch of its premier low-end FPGA product, Gemini, and build on the company’s momentum in leading the adoption of open-source software for commercial applications.
“Customers are looking for innovative ways to program FPGAs, reduce support load by leveraging the open-source ecosystem of active expertise and development engineers, and shorten time-to-market,” said Dr. Naveed Sherwani, Chairman, and CEO of Rapid Silicon. “With open-source software, Rapid Silicon is removing the barriers and providing its customers with a robust end-to-end FPGA design workflow. The open-source software enables users to design complex applications quickly and efficiently on our FPGA devices.”
Rapid Silicon's low-end FPGA product, Gemini, is a programmable logic device (PLD) that is power-optimized for the massive sensor processing needs, tight thermal profiles, and shrinking form factors required by embedded and edge applications.
Company: Rapid Silicon
Round: Series A
Funding Month: January 2023
Lead Investors: Cambium Capital
Company Website: https://rapidsilicon.com/
Software Category: AI - FPGAs
About the Company: Rapid Silicon is a provider of a wide variety of domain-specific FPGAs suited to diverse target applications, a variety of industry verticals, and multiple PPA needs. The company utilizes a combination of open-source methodology and proprietary AI technology to enable a fast and seamless design-to-silicon experience. Rapid Silicon’s software, Raptor Design Suite, is the world’s first commercial FPGA EDA suite based on end-to-end open-source software. The Raptor Design Suite outperformed all leading EDA tools in the recent École polytechnique fédérale de Lausanne (EPFL) Combinational Benchmark Suite competition. Rapid Silicon headquarters is in Los Gatos, California.