logo
logo

Rapid Silicon Announces $30M Series A Round

Jan 09, 2023•over 2 years ago

Amount Raised

$30 Million

Round Type

series a

Los GatosArtificial IntelligenceScience And EngineeringData And AnalyticsSoftware

Investors

Cambium Capital

Description

Rapid Silicon, a provider of AI and intelligent edge-focused FPGAs based on open-source technology, today announced its $30M Series A Round. The company has closed $15M in funding from Cambium Capital and others, including all existing investors from its seed round. The second close is planned for Q1 2023. This latest round of funding will be used to further invest in Rapid Silicon’s product portfolio, support the launch of its premier low-end FPGA product, Gemini, and to build on the company’s momentum in leading the adoption of open-source software for commercial applications.

Company Information

Company

Rapid Silicon

Location

Los Gatos, California, United States

About

Rapid Silicon is a leader in AI enabled application-specific FPGAs for diverse target applications. We utilize a combination of open-source software and proprietary AI technology to significantly improve design and simplify and customer experience. To learn more about Rapid Silicon, please visit www.rapidsilicon.com.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Related People