Atmosic raises $40m for edge AI push
Low power processor designer Atmosic Technologies has raised $40m in its Series D round to expand its use of AI in its edge controllers optimised for energy harvesting.
The round was led by Sutter Hill Ventures, one of the original Silicon Valley venture capital firms, and brings the total raised to over $162m after a $72m round in January 2022.
Clear Ventures, Quantum Innovation Fund, and other institutional and private investors also joined the round.
The company cites the boom in real-time decision-making at the data source, enabling smarter and more efficient systems with minimal energy consumption. The company recently added support for the Zephyr real time operating system.
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“We are excited by Atmosic’s momentum from recent design wins and their transformative vision,” said Stefan Dyckerhoff, Managing Director at Sutter Hills Ventures and Atmosic Board Director. “We are confident in the company’s long-term trajectory.”
“We are thrilled to partner with Sutter Hill Ventures, Clear Ventures and Quantum Innovation Fund,” said Ali Foughi, CEO, Atmosic Technologies. “The funding will be used to scale Atmosic’s manufacturing capacity to support new high volume design wins and accelerate the development of the next generation compute and connectivity platform, extending our low-power advantage and addressing some of the industry’s most fundamental challenges.”
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