Edge AI pioneer Expedera raised US$20 million
Expedera Inc. (Santa Clara, Calif.) has announced it has raised US$20 million in a Series B round of funding to advance its neural processing unit (NPU) products for license.
The round was led by Indie Semiconductor, with participation from repeat and new investors. Indie’s backing of Expedera was previously announced but not the size of the investment round (see Indie Semi backs Expedera AI for ADAS chips). This investment brings the company’s total funding to more than US$47 million.
“Expedera has quickly emerged as the market leader in enabling edge inference with its Origin NPU IP,” said Donald McClymont, co-founder and CEO of Indie and incoming non-executive director of Expedera.
Expedera’s Origin NPU intellectual property, introduced in 2021, scales to a performance of 128 TOPS within a single engine and has shipped in more than 10 million chips. The company said it has production license contracts with multiple smartphone OEMs and numerous automotive, AR/VR/MR, and consumer device chipset makers.
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News articles:
Indie Semi backs Expedera AI for ADAS chips
Expedera raises US$18 million for edge AI accelerator IP
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