Friday, September 29, 2023

AI chip startup EnCharge AI raises USD 21.7M to create an integrated stack for edge applications

By ET Bureau - December 15, 2022 1 Mins Read


EnCharge AI Inc. has announced a USD 21.7 million Series A funding round to support the creation of a semiconductor hardware and software stack that, according to the company, can perform 15 times better than its rivals in low-power settings.

Chief Executive Naveen Verma said that the processor is essentially a highly programmable application-specific integrated circuit that uses a novel method of memory management to enable high performance. Charge-based memory, which differs from conventional memory design in that it reads data from the electrical current on a memory plane instead of from individual bit cells, is used by the processor the company is developing.

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According to the company, this enables the use of capacitors, which are incredibly precise devices.

Read More: AI chip startup EnCharge AI raises $21.7M to build integrated stack for edge uses

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