HomeNewsAlphaICs secures $8 mn in series B round funding

AlphaICs secures $8 mn in series B round funding

Most Read

AlphaICs has secured $8 million in series B round funding from Endiya Partners and Emerald Technology Ventures.

The funding also saw the participation of Aaruha Technology Fund, IREON Ventures, Canal Ventures, JSR Corporation, CBC Co. Ltd, Whiteboard Capital, ReBright Partners, and 3One4 Capital.

- Advertisement -

“The company will use the fund to develop the software stack and to build system solutions for its large markets,” the company said.

“With this funding, Emerald investment director Michal Natora will join AlphaICs’ board of directors,” it added.

Speaking on the funding, Sateesh Andra, Managing Director of Endoya 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 center delivering benefits like low latency, cost, data privacy, and security.”

“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.” Said Pradeep Vajram, Chairman and CEO of AlphaICs.

“We are also working with strategic partners to bring innovative solutions to the industrial, automotive, and surveillance markets,” he added.

Subscribe To Morning Newsletters

Sign up to receive the latest news stories, exclusive interviews, and more in your inbox.

We don’t spam! Read our privacy policy for more info.

Editor's Pick

Krishna Mali
Krishna Mali
Founder, CEO & Group Editor of TechGraph.

Read More Stories

SKF Showcases Intelligent & Clean Solutions for the Textile Industry at International Textile Machinery Exhibition (ITME) 2022

SKF India, the country's leading technology and solutions provider of bearings and services will showcase innovative products and solutions...

OneRare and Cornitos: Bringing the Magic of Cornitos to the Foodverse

Cornitos is a leader in the Snack category and has always strived to give its fans and patrons the...

Chitkara University Signs MoU with NEC Corporation India to Transform Learning in the Field of AI/ML

Chitkara University announced its collaboration with NEC Corporation India, a wholly owned subsidiary of NEC Corporation, for a comprehensive...

Role of skills-based hiring in promoting inclusive economic growth in India

In recent years, India's employment landscape has experienced a profound shift, with an increasing emphasis on skills-based hiring. This...

Global Cryptocurrency Regulations: Impact on Industry and Investor Behavior in 2024

The world of cryptocurrency has seen remarkable growth and evolution since its inception, transitioning from obscure digital assets to...

Interview: Modernizing Field Sales Operations With Delta Sales App Director Ekta Golchha

Speaking with TechGraph, Ekta Golchha, Founder and Director of Delta Sales App underscores the app's innovative role in optimizing...