AlphaICs is an Artificial Intelligence (AI) Technology start-up, found in 2016, in California and Bengaluru.
AlphaICs is an artificial technology-based company that is known for the next-generation AI processors also known as Real AI Processor, RAP TM, which are based on their proprietary architecture.
The real AI processor architecture uses the specialized instruction set architecture which is designed for an acceleration in the workloads regarding the artificial intelligence sector.
RAP TM has been used for scaling mobile devices to the data center solutions.
The four-year-old start-up has developed high performance AI chips for the edge computing service.
The company is working with strategic partners for bringing innovative solutions for the developed ecosystem in Industrial, automotive, and surveillance markets.
The company uses RAP TMarchitecture for supporting edge learning which will reduce the training, data requirement and enable continuous learning and auto labeling at the edges.
Huge demand for running the network edge services, due to the popularity of deep neural networks, in real-time has brought the company massive popularity.
According to Omdia. it is expected that the AI chipset revenue will grow from $7.7 billion in 2019 to $51.9 billion by 2025. The expected CAGR, compound annual growth rate, is 37.5% according to an above-forecast by Omdia.
Investment Director at Industrial IT- Emerald, Dr. Michal Natora, will be joining the board of directors at AlphalCs.
What Is Edge Computing?
For decreasing the bandwidth and improving the response time, a system is designed for processing and data storage by bringing it closer to the location where response time is required to change/improve.
AlphaICs Raises $8 Million In Series B
The AI-based technology company has recently secured $8 million in series B equity funding.
The round was led by Endiya Partners and Emerald Technology Ventures. Participation from existing investors ReBright Partners and 3One4 capital was seen.
Investors including Aaruha Technology, Canal Ventures, IREON Ventures, CBC Co. Ltd., JSR Corporation, and The Whiteboard Capital participated in this round.
According to the company, the funds that were raised during this series B round will be used for stacking the software and building solutions for the target markets by a tape-out of the Gluon AI chip.
Managing Director with Endiya Partners, Sateesh Amdra, has said that Giants like NVidia, Google, and start-ups like Graphcore are self-possessed to overtake and control the data center artificial intelligence while AlphalCs has the perfect opportunity to become the market leader by enabling artificial intelligence at the edge.
Pradeep Vajram, CEO and Chairman at AlphalCs, mentioned in a statement that the funding raised in series B will help the company bring them their first inference Core processor which will be used in the market for vision applications with low latency requirements.