Snowcap Compute raises $23 million for superconducting AI chips, led by the former Intel CEO joining its board to revolutionize AI computing efficiency.
Snowcap Compute raises $23 million for superconducting AI chips, led by the former Intel CEO joining its board to revolutionize AI computing efficiency.
06/23/25, 10:06 AM
Location
redwood cityMoney raised
$23 million
Industry
artificial intelligence
Snowcap Compute, a startup focused on superconducting technology for AI chips, has raised $23 million in funding. The investment aims to develop computers that outperform existing AI systems while consuming less electricity. Notably, the former CEO of Intel will join the company’s board. This initiative could address the growing demand for efficient computing power.
Company Info
Location
redwood city, california, united states
Additional Info
Snowcap Compute is a startup focused on developing artificial intelligence computing chips using superconducting technology. The company's mission is to create computers that can outperform today's best AI systems while utilizing significantly less electricity. Snowcap's innovative approach involves the use of superconductors, which have been theorized for chip development since the 1990s. The founding team includes experts from the chip industry with extensive backgrounds in superconducting technologies.