Femtosense has raised a total of USD 11 million after closing a USD 8 million round that valued the company at USD 27 million. The startup focuses on developing edge hardware designed to make AI processing viable for low-cost consumer electronics.
With the support of J2 Ventures, SV Pacific Ventures, Quest Venture Partners, Amino Capital, Sand Hill Angels, and Gaingels, Fine Structures Ventures took the lead. The U.S. Office of Naval Research previously awarded the business a USD 2.1 million contract.
The 10-person business plans to use the funding to get new hires year and is scribbling the next iteration of its chip, which it describes as “general purpose” hardware to speed up applications like computer vision and natural language processing.
Read More: Femtosense raises capital to power the AI inside of consumer electronics
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