Out-of-Intel startup AheadComputing raises US$21.5 million
AheadComputing Inc. (Portland, Oregon), the startup founded in July 2024 by four senior engineers who had left Intel, has raised US$21.5 million in seed funding, to support development of its 64-bit RISC-V microprocessor architecture.
The company said the architecture will be general and applicable in various implementations to AI and other workloads in server, client, mobile, and edge computing. At the time of its launch the company said it intended to pursue an IP licensing business strategy.
The funding round was led by Eclipse with participation from Maverick Capital, Fundomo, EPIQ Capital Group LLC, and Tenstorrent CEO Jim Keller, who developed processors for Apple, AMD, Tesla, and Intel, prior to founding Tensorrent.
AheadComputing was founded by CEO Debbie Marr, who was an Intel Fellow and chief architect of the Advanced Architecture Development Group, and senior engineers Jonathan Pearce, Srikanth Srinivasan and Mark Dechene.
The company said that among the opportunities it wants to address are a class of “everyday” AI applications with limited to low parallelism including the use of AI generator to assist in programming tasks for productivity.
“The compute landscape is evolving rapidly, and AheadComputing is positioned to lead this transformation by delivering unprecedented performance in general-purpose processors,” said Marr, in a statement. The money will be used to expand the team and develop core IP, she said. The company has already grown from the founders to a team of 40 employees.
AheadComputing is seeking strategic partners to help it work across diverse sectors including cloud computing, AI, and mobile devices.
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