Tuesday, March 20, 2018

Mythic Get $40M For AI Chips

Austin-based Mythic, a developer of chips designed for artificial intelligence processing, said on Tuesday that it has raised $40M in a funding round. The round was led by SoftBank Ventures, and also included strategic investor Lockheed Martin Ventures, plus existing investors Draper Fisher Jurvetson, Lux Capital, Data Collective, and AME Cloud Ventures. Other investors, including angel Andy Bechtolsheim (Sun Microsystems) also participated in the funding for the company.