Edge AI startup AlphaICs secured $8 Million


AlphalCs, an edge AI technology startup, has now announced that it has secured $8 million in a Series B funding round, reports BusinessWorld.

AlphalCs is founded by Pradeep Vajram in the year 2016. It develops edge learning and edge inference technologies to enable AI at the edge.

Its next-gen AI architecture, known by the name as Real AI Processor (RAPTM), claims to offer the highest performance, minimal latency, low power, and enabling best in class edge AI inference processing.

Executive Opinion

Pradeep Vajram, Chairman and CEO of AlphaICs, said, "AlphaICs innovative architecture will empower system integrators to create AI solutions with a short time-to-market while staying within the systems cost and thermal constraints. This funding will help us bring our first inference co-processor to the market for vision applications with low latency requirements. We are also working with strategic partners to bring innovative solutions to the industrial, automotive and surveillance markets".

Sateesh Andra, Managing Director with Endiya Partners, said, "Edge AI applications in consumer markets like high-end smartphones, wearables as well as enterprise markets like robots, cameras and sensors will be pervasive in the next few years. AlphaICs RAP accelerates inferencing as well as learning tasks on-device, rather than in a remote data centre delivering benefits like low latency, cost, data privacy, and security. While NVidia, Google and startups like Graphcore are poised to dominate datacentre AI, AlphaICs has the opportunity to be a market leader in enabling AI at the Edge."

AlphalCs' Latest Funding

The Emerald Technology Ventures and Endiya Partners led the latest funding round. Other participating investors include the 3One4 Capital, ReBright Partners, Canal Ventures, Aaruha Technology Fund, IREON Ventures, CBC Co Ltd, JSR Corporation.

Post funding, Dr. Michal Natora will join the AlphalCs Board of Directors team.

The company said that it will now use the new funds to tape out the Gluon AI chip, to develop the software stack, and to build system solutions for its target audience and market.
PC: Pixabay

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Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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