AI Chip Design and Data Analytics Solutions startup Motivo raises $12 Million


Motivo, a California-based developer of AI-enabled chip design and data analytics solutions, has now secured $12 million in a Series A funding round.

Motivo is founded by the Bharath Rangarajan. The AI startup offers Artificial Intelligence-enabled chip design and analytics solutions. 

The company uses the latest technologies to accelerate chip design utilizing an innovative learning on-graph methodology for automated data-driven feature extraction. The company has its offices in Austin, Palo Alto, and Singapore.

Executive Opinion

Bharath Rangarajan, CEO of Motivo, said, "The Motivo team has combined decades of expertise in IC design, computational imaging and manufacturing technologies, and artificial intelligence to create solutions that reduce design time to market and accelerate yield ramps for new chips. Our customers are faced with increasing challenges as they create their new designs, and the demand for our solutions is so much that we have had to turn away multiple business opportunities. This new investment and support will enable us to rapidly scale up and implement Motivo’s solutions more broadly, deliver value to our customers, and significantly grow our business."

Anthony Lin, Head of Intel Capital, said, "Semiconductors power the data economy. The Motivo team has created solutions that can dramatically shorten the design cycle and optimize manufacturing process yields, which in turn has the potential to unlock and accelerate innovation across the technology sector."

Motivo's Latest Funding

Intel Capital backed the latest funding round. Other participating investors include Seraph Group and Storm Ventures, as well as participation from Inventus Capital.

The company, as of now, has plans to use the new funds to scale the business and double the team within the coming twelve months.
PC: Pixabay

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Udit Agarwal Opinions expressed by techsutram contributors are their own. More details

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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