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The Future of VR Powered By Mass Production of Edge Chips

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Mythic has raised $70 million to fund the analog-based AI processors it plans to launch later this year. Mythic has spent nine years coming up with a patented, potentially disruptive way to compete with other makers of artificial intelligence chips. Mythic’s integrated hardware and software platform is making it easier and more affordable for companies to deploy powerful AI applications for the smart home, AR/VR, drones, video surveillance, smart cities, manufacturing markets, and more.

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Article Summary
Mythic has raised $70 million to fund the analog-based AI processors it plans to launch later this year.
Article Summary
Follow EnterpriseAI: Six months after unveiling its first M1108 Analog Matrix Processor (AMP) for AI inferencing, Mythic AI has just received a new $70 million Series C investment round to bring the chips to mass production and to develop its next hardware and software products.
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By Andy Patrizio , Network World | Andy Patrizio is a freelance technology writer based in Orange County, California.
Article Summary
Pioneering artificial intelligence chip startup Mythic said today it has raised $70 million in a new round of funding that follows the launch of its first products last year. Mythic is an interesting company that has built its AI chips on older analog computing technology in an effort to make AI more power-efficient and therefore more accessible for devices at the network edge.