From AI Insider · James Dargan · · 50s
Sparxity Closes Series A, $90M Funding for Sparse AI Chips
Sparxity secures $90M Series A funding to build ultra-efficient AI chips.
In brief
Sparxity secures $90M Series A funding to build ultra-efficient AI chips. Sparxity raised $90 million in Series A funding to develop sparse-native AI chips that could run up to 44 times faster with better energy efficiency. Originally reported by AI Insider.
Sparxity Series A Funding
Sparxity closed its Series A round, bringing cumulative funding to $90 million.
Funding Participants
The round was led by ICM HPQC Fund with participation from Lockheed Martin Ventures, GlobalFoundries, GS Futures, Cloudberry Ventures, TGFS, the EIC Fund, and angel investors Richard Socher and Nancy Xu.
Sparse AI Chip Development
Sparxity will use the funding to develop chips for fine-grained dynamic sparsity, targeting up to 44 times faster AI inference in ultra-sparse models with greater energy efficiency.
The headline
Sparxity raised $90 million in Series A funding to develop sparse-native AI chips that could run up to 44 times faster with better energy efficiency.
