Japan-based AI semiconductor development and design company EdgeCortix has closed a $20 million funding round.
SBI Investment and Global Hands-On VC led the financing while Renesas Electronics Corporation, along with existing investors including Cycle Group and Monozukuri Ventures participated, according to a statement by the company on Wednesday.
The company plans to use the funding to bring to market the next generation of SAKURA hardware products, hiring talent while expanding its business by growing its global sales and marketing capabilities.
EdgeCortix also plans to bolster its engineering capacity in Japan and open a new development centre in India.
“The ability to bring AI acceleration capabilities into existing, complex heterogeneous computing systems at low cost, with low latency and industry-leading energy efficiency is our mission and the fundamental value proposition of EdgeCortix’s products and technology,” said Sakyasingha Dasgupta, founder of EdgeCortix.
Founded in 2019 EdgeCortix is a fabless semiconductor company focused on energy-efficient AI processing,
EdgeCortix has brought three products to market including MERA, its multiple hardware platform compatible compiler software framework; Dynamic Neural Accelerator (DNA), its scalable, run-time reconfigurable neural network processor intellectual property (IP) and TSMC 12nm technology-based SAKURA AI co-processor device.