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With CEO Dave Fick today.

Of all the Series A investments that I have led over the past 23 years, I have never seen as many inbound investment offers for the Series B. Investor interest in edge AI and deep learning in general has skyrocketed after the Intel Nervana acquisition. And the Mythic approach is truly unique, with an in-memory analog compute architecture that more closely mimics the power of the human cortex, and affords a 100x cost and power advantage over digital chips (i.e., every other chip out there).

I am also delighted that Rene Haas (President of the IP Product Group at ARM) has joined the board. He has the perfect background from ARM, NVIDIA and Tensilica.

And Lockheed Martin signed up as an early customer.

News: Xconomy, VentureBeat, TechCrunch

www.mythic-ai.com

4 responses to “Congrats to Mythic on their $40M Series B, led by Softbank”

  1. jurvetson Avatar
    jurvetson

    When Andy Bechtolsheim said “Analog AI chips would be the lowest power. The human brain is remarkably power efficient, and it is analog” I knew he would grok the Mythic vision, and so I introduced him, and he joined the investor syndicate. From the Goldman conferenceAndy Bechtolsheim: AI consumes most of the compute cycles at GoogleAnd my introductory comments from exactly 1 year ago, around the Series A investmentMythic Intelligence at the Edge

    Reply
  2. media_cowboy Avatar
    media_cowboy

    Hey Steve. We are working on a project to use blockchain to build trust. Some of the companies in the news are interested. Got time for a pitch?

    Reply
  3. jurvetson Avatar
    jurvetson

    And here is his annotated presentation from HotChips 2018 medium.com/mythic-ai/mythic-hot-chips-2018-637dfb9e38b7

    Reply
  4. jurvetson Avatar
    jurvetson

    And from the May 2023 issue of WIRED:

    "Bringing back analog computers in much more advanced forms than their historic ancestors will change the world of computing drastically and forever."

    "Mythic’s analog chip uses less power by storing neural weights not in SRAM but in flash memory, which doesn’t consume power to retain its state. And the flash memory is embedded in a processing chip, a configuration Mythic calls “compute-in-memory.” Instead of consuming a lot of power moving millions of bytes back and forth between memory and a CPU (as a digital computer does), some processing is done locally."

    Reply

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