5G and AI Systems-on-Chip startup EdgeQ secured $51 Million

EdgeQ Inc, a California based AI and 5G systems-on-chip company, has now secured $51 million in total funding. It includes a $38.5 million from Series A round.

EdgeQ is founded by Vinay Ravuri in the year 2018. It is developing a software customizable silicon platform that provides 5G connectivity and Artificial Intelligence at the edge in an accessible manner.

EdgeQ offers a new software-driven development model for operators and OEMs. It can support existing cellular protocols such as 4G, 5G, and beyond. The company has its offices in California, San Diego, and Bangalore, India.

CEO and founder of EdgeQ, Vinay Ravuri, said, "We are rapidly evolving from a smartphone economy to a constellation of intelligent edge devices. This will cause massive disruption to the current paradigm, where existing fixed-function approaches are inadequate to meet the scale, speed, and breadth of new end connections. By building 5G and AI hardware in a newly imaginative, software-friendly manner, we empower and inspire customers with an open and programmable platform that is adaptable, configurable, and economical for 5G-based applications."

Partner, Threshold Ventures, Mohammad Islam, said, "The 5G ecosystem is nascent today. The market has a limited set of players delivering 5G solutions designed around smartphones and legacy networks. There is a huge opportunity for innovation and disruption particularly for U.S. companies. EdgeQ is poised to capture that and become the leading U.S. 5G company. With an elite founding team, they have developed a groundbreaking software-defined platform that serves a market set to grow exponentially during the next decade. As the first company to combine compute and 5G connectivity in a single chip, EdgeQ is at the forefront of the critical 5G infrastructure space."

The funding includes $38.5 million in a Series A round led by the Fusion Fund, Threshold Ventures, Jerry Yang, Yahoo! Co-founder and a strategic customer.

EdgeQ is working to develop the world's first fully software a customizable platform that will provide 5G connectivity and AI at the edge in a disruptive, simple, frictionless, and accessible manner.

5G connectivity is composed of the fundamental backbone that works on edge intelligence, associated services, and edge cloud.