Aspinity Raises $5 Million Series B Funding To Bring Breakthrough Ai/Ml Technology To A Global Market
Aspinity Raises $5 Million Series B Funding To Bring Breakthrough Ai/Ml Technology To A Global Market
09/19/23, 12:05 PM
Location
pittsburghMoney raised
$5 million
Industry
information technology
Round Type
series b
Investors
Unitrontech, Riverfront Ventures, Mountain State Capital, Birchmere Ventures, Anzu Partners
Aspinity, the leader in near-zero power AI solutions, today announced that it has closed $5 million in Series B funding from current investors Anzu Partners, Birchmere Ventures, Mountain State Capital and Riverfront Ventures. Growing Aspinity’s total funding to more than $19 million, the round also includes new strategic investor and partner Unitrontech, a leading distributor of automotive semiconductors and key partner of leading automotive manufacturers.
Company Info
Location
2000 smallman street, ste 201
pittsburgh, pennsylvania, united states
Additional Info
Aspinity is revolutionizing the design of battery-operated, always-on sensing devices. The company's unique analog machine learning processor introduces a completely new, bio-inspired approach to always-on sensing that improves battery life by 10x by eliminating the power-wasting processing of irrelevant data. Headquartered in Pittsburgh, Aspinity delivers the power- and data-efficient solution required for the next generation of portable always-on devices for IoT, smart home, consumer, industrial, and medical applications such as voice/sound wake-up, industrial machine health monitoring, and wearable health monitoring.