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Ai Chip Designer Moffett Ai Raises ‘Tens Of Millions Of Dollars’ In Series A Round

Jan 17, 2022•over 3 years ago

Round Type

series a

Description

China’s call to foster semiconductor independence has sent investors chasing after chip startups of all sorts. Moffett AI, a Shenzhen-based chip design company, has received a fresh Series A injection. The company did not disclose the exact amount, only saying that the proceeds were in the “several tens of millions of dollars.”

Company Information

Company

Moffett Ai

About

The company did not disclose the exact amount, only saying that the proceeds were in the “several tens of millions of dollars.”The round The startup plans to spend its new funding on expanding the “ecosystem” of partners and clients that use its sparse technologies and mass-producing its first chip, Antoum, which is manufacturered by TSMC. The startup claims that its chip has a sparsity rate of 32x, which makes its processing power 5-10 times higher than that of “international flagship products.”Headquartered in Shenzhen Moffett AI, a Shenzhen-based chip design company, has received a fresh Series A injection.