TechBookyBusiness
No Result
View All Result
Thursday, June 30, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Funding

Artificial Intelligence Analogue Chip Startup, Mythic Raises $70m

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
May 12, 2021
in Funding, Startup, Venture Capital
Share on FacebookShare on Twitter

On Tuesday, Mythic announced that it has raised $70 million in a funding round. The company is based in Redwood, California, and makes artificial intelligence chips used in smart home devices, security cameras, fitness bands, hearing aids, robotic drones, self-driving cars, etc.

Mythic started up in 2012 and has offices in Redwood, California, and Austin, Texas. Instead of the more used digital technology, the company uses analogue technology for its chips. Explaining why the company uses analogue technology instead of digital, Mike Henry; the CEO and co-founder of Mythic said that “What it really does is allow us to get essentially GPU levels of performance- those big book-sized cards burning one hundred watts and costing $4000. With analogue compute, we could get that same compute power in a small, low power, low cost chip. Something that can go into really any device out there”

There is a huge demand for gadgets that collect data. This in turn creates a huge need for new computing power that can process data using algorithms and companies that design chips. Investors are investing in startups like Mythic with the hope that they create better and cheaper chips, and eventually become competitors with already established chipmakers.

In total, Mythic has acquired the sum of $165.2 million from funding rounds. The company plans to use the fund generated from its latest funding round for its expansion plans. The company plans on increasing production, developing its next-generation processors, and building software that will work with the chips they produce.

Mythic’s latest funding round was led by renowned multinational Investment Management Corporation; BlackRock and Hewlett Packard Enterprise. According to the CEO of Mythic, the chips they produce can process data and send concise information back to the data centre for use when required.

Total
1
Shares
Share 1
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Samsung Could Start Building Its New Chip Plant In Q3 2021
    Samsung Could Start Building Its New Chip Plant In Q3 2021
  • Global Chip Shortage May Last A Few Years, Dell Technologies Founder Says
    Global Chip Shortage May Last A Few Years, Dell Technologies…
  • Qualcomm Is Gearing To Battle Apple As New CEO Wants Better Laptop Chips
    Qualcomm Is Gearing To Battle Apple As New CEO Wants Better…
  • Samsung Electronics Q2 Profit Likely Jumped 38% On Strong Chip Prices, Says Snalysts
    Samsung Electronics Q2 Profit Likely Jumped 38% On Strong…
  • Japanese Companies To Work With TSMC On Chip Making Technologies
    Japanese Companies To Work With TSMC On Chip Making…
  • Tech Giants In The U.S. Join In Lobbying For Chip Production Funding
    Tech Giants In The U.S. Join In Lobbying For Chip Production…
  • London-based, Nigerian Led Definely Raises £2.2m Seed Fund In A Microsoft-led Round
    London-based, Nigerian Led Definely Raises £2.2m Seed Fund…
  • Toshiba Plans To Double Its Chip Production With An Investment Of $1 Billion
    Toshiba Plans To Double Its Chip Production With An…
Tags: chipchip makerFundingmythicStartup
Previous Post

Elon Musk Asks His Twitter Followers If They’d Want Tesla To Accept Dogecoin

Next Post

German Payments Software Firm; Serrala Has Been Put Up For Sale

Next Post
German Payments Software Firm; Serrala Has Been Put Up For Sale

German Payments Software Firm; Serrala Has Been Put Up For Sale

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Snapchat Launches Its Paid Subscription Plan Snapchat Plus
  • Taiwan’s Central Bank Is Working On A Government-run Digital Currency
  • Kukua, An Africa’s ‘Edu-tainment’ Company And Creator Of Super Sema, Secures $6 Million In Series A Funding Co-led By Tencent And Alchimia
  • Pinterest Stock Soars On The Announcement That CEO Ben Silbermann Is Stepping Down
  • Nigeria’s Payment Platform Abeg Rebrands Into Social Commerce Platform Pocket By Piggvest

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china coinbase company crypto cryptocurrency e-commerce E-Naira earnings earnings season elon musk facebook fintech Funding gadget google government india internet Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock tesla twitter Ukraine whatsapp

Calendar

June 2022
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« May    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Snapchat Launches Its Paid Subscription Plan Snapchat Plus
  • Taiwan’s Central Bank Is Working On A Government-run Digital Currency
  • Kukua, An Africa’s ‘Edu-tainment’ Company And Creator Of Super Sema, Secures $6 Million In Series A Funding Co-led By Tencent And Alchimia
  • Pinterest Stock Soars On The Announcement That CEO Ben Silbermann Is Stepping Down
  • Nigeria’s Payment Platform Abeg Rebrands Into Social Commerce Platform Pocket By Piggvest
  • Crypto Exchange FTX Debunks News That It Plans To Acquire Robinhood

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$19,979.55-0.55%
  • ethereumEthereum(ETH)$1,087.42-3.66%
  • tetherTether(USDT)$1.000.20%
  • usd-coinUSD Coin(USDC)$1.000.04%
  • binancecoinBNB(BNB)$217.70-0.78%
  • Binance USDBinance USD(BUSD)$1.00-0.06%
  • rippleXRP(XRP)$0.325688-2.68%
  • cardanoCardano(ADA)$0.458806-1.65%
  • SolanaSolana(SOL)$32.49-7.42%
  • dogecoinDogecoin(DOGE)$0.0665371.85%
  • polkadotPolkadot(DOT)$6.90-3.90%
  • Shiba InuShiba Inu(SHIB)$0.0000103.88%
  • AvalancheAvalanche(AVAX)$16.99-6.73%
  • matic-networkPolygon(MATIC)$0.477479-7.66%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.000071-5.36%
Posting....