As organizations embrace the rapid growth of AI for edge computing, the challenge is to overcome the mismatch between the current generation of AI or deep neural network software and general-purpose processors like CPUs and GPUs. Additionally, there is a growing need and focus on developing environmentally friendly and superior energy-efficient solutions. “Completing this round of funding and growing partnerships is a testament to our team, our technology and the growing traction of our products. We invented the Dynamic Neural Accelerator Processor IP by taking a unique software-focused approach , forming a tight coupling between today’s neural networks and an underlying domain-specific low-power hardware architecture that relies on robust software to seamlessly handle applications across different frameworks. and machine learning devices.In the past year, we have been granted 7 patents worldwide and have accelerated our filings to more than one We currently work with more than 20 globally recognized customers and partners in the fields of defense, autonomous vehicles, satellite communications, smart cities and semiconductor design and manufacturing, in helping them leverage our intellectual property and deliver greater value to their end. customers.” said Sakyasingha Dasgupta PhD., Founder and CEO EdgeCortix, Inc.
“EdgeCortix is in a truly unique market position. In addition to leveraging the massive business need to leverage the acceleration of AI in key industry sectors, their business strategy, in terms of how they have developed their solutions and bringing them to market alone is the real differentiator.” noted Daniel Fuji, member of the advisory board of EdgeCortix, president and CEO of Trust Capital Co., Ltd. and member of the executive committee of Silicon Valley Japan Platform. “In my experience, semiconductor companies can tend to be a little myopic, with some focusing exclusively on code delivery, others on semiconductor design and manufacturing. What sets EdgeCortix apart , this is their approach, by co-developing their software and hardware IP and providing the solutions based on the customer’s needs.The software uniquely supports heterogeneous platforms such as FPGAs, third-party custom silicon and also EdgeCortix’s own SoC. It’s this approach to delivering a software-centric hardware ecosystem that positions it for growth and really sets the company apart as unique in the acceleration space. of AI.”
In addition to developing its own proprietary processor, EdgeCortix is actively collaborating with leading Field Programmable Gate Array (FPGA) companies to license their AI hardware and software IP for data acceleration use cases. board and server. Along with this funding announcement, EdgeCortix announced its partnership with leading enterprise-class FPGA acceleration manufacturer BittWare (a Molex company) to bring EdgeCortix’s ultra-low latency AI inference IP and robust software to market. with select BittWare hardware solutions in 2022.
“We are delighted that EdgeCortix has chosen BittWare’s enterprise-class accelerators with Intel’s Agilex FPGAs as the preferred platforms for deploying advanced AI solutions at the edge,” said Craig Petrie, vice president, sales and marketing at BittWare. “As a member of Molex, we are uniquely positioned to enable technology innovation and help customers deploy FPGA-based solutions with reduced risk and cost.”
Series A was led by US company Vajra Direct with participation from Monozukuri Ventures (Japan), Future Play (South Korea) and family offices in Singapore and Japan. All existing investors participated in this round, which was eventually oversubscribed. Funds from the current cycle will be mobilized both to expand sales channels and improve the product portfolio. On the technology side, EdgeCortix will continue to expand its robust engineering center to Japanwhile strengthening sales and marketing teams in the United States to deliver EdgeCortix’s high-performance SAKURA low-power AI coprocessor chip to a global market. Michael Sands, Managing Partner of Vajra Direct joins EdgeCortix’s Board of Directors. “We are incredibly impressed with Sakya’s vision to build the world’s leading advanced AI semiconductor company. The performance and power efficiency gains achieved by EdgeCortix are groundbreaking and come at a critical time in global chip demand,” said Sands.
“Monozukuri Ventures is thrilled to join EdgeCortix, a revolutionary fabless startup with a truly global team in Singapore, Japan and the United States. We make full use of our network of manufacturing industries in Japan and North America to help EdgeCortix partner with world-class partners and customers,” said Nobuhiro Seki, Chief Investment Officer at Monozukuri Ventures. “With EdgeCortix’s energy-efficient Edge AI technology, we believe that industries such as automotive and robotics, where Japan has its strengths, will accelerate their implementation to build a smart society.”
EdgeCortix is headquartered in Singaporewith R&D and operations outside Tokyo, Japan and Arlington, Virginia UNITED STATES. For more information, visit EdgeCortix.com
Abut EdgeCortix Inc.
EdgeCortix is a fabless semiconductor design company focused on energy efficient advanced intelligence. The company was founded in July 2019 with the radical idea of taking a software-first approach, while designing an AI-specific runtime reconfigurable processor from the ground up using a technique called “hardware and software co-exploration”. Targeting advanced computer vision applications first, utilizing software intellectual property on existing processors such as FPGAs and custom ASIC design, EdgeCortix aims to positively disrupt the rapidly growing AI hardware space in defense. , aerospace, smart cities, industry 4.0, autonomous vehicles and robotics.
For more details or to schedule a demonstration, contact: [email protected]
About Vajra Direct LLC
Vajra Direct identifies and invests in promising private companies across stages and sectors where its members can bring unique knowledge, expertise and perspective. Representing the interests of family offices, entrepreneurs and executives, Vajra associates have decades of experience investing, building and running businesses. Vajra Direct is headquartered in the United States with offices in washington d.c., new York and Chicago.
About Monozukuri Ventures
Monozukuri Ventures, Inc. (MZV) is a Kyoto and new York based company that manages venture capital investment funds for hard tech startups and provides technical advice for hardware prototyping and manufacturing. MZV was launched in January 2020 by Darma Tech Labs (Kyoto, Japan), which operates Makers Boot Camp (MBC) and FabFoundry, Inc (new York, WE). At that time, they gave financial and technical support to hard tech startups. The MBC 1 fund was launched in the summer of 2017 and the MZV 2 fund in 2021. To date, MZV has invested in 47 Japanese and American hard tech startups (21 in Japan and 26 in the United States). We also provide technology consulting services leveraging our knowledge and network from prototyping to mass production.
© Copyright 2022 EdgeCortix, Inc. All rights reserved worldwide. EdgeCortix, the EdgeCortix logo, and Dynamic Neural Accelerator are trademarks or registered trademarks of EdgeCortix, Inc. (or its group companies) in the United States and other countries. EdgeCortix Inc. is a wholly owned subsidiary of EdgeCortix Pte. ltd.
SOURCEEdgecortix, Inc.
