EnCharge AI, a startup backed by DARPA, has raised over $100 million in a Series B funding round to promote its innovative low-power computer chip technology. The company specializes in analog in-memory computing, which aims to optimize AI workloads for edge devices rather than traditional data centers. This funding, led by Tiger Global and supported by various defense and tech partners, is crucial for commercializing their semiconductor technologies at a time when AI demands are surging.
Verma tells Fast Company, "Given the capital intensity of the semiconductor industry, the Series B is an important step for advancing commercialization of its first chips."
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