10. AI Chip Startups Raise Hundreds Of Millions To Challenge Nvidia, Intel
Several AI chip startups have raised hundreds of millions of dollars this year so far to challenge Nvidia and Intel in the fast-growing market.
Among the AI chip startups that have raised money: SambaNova Systems, which raised a $676 million funding round led by SoftBank Group that also included the venture arms of Google and Intel. The startup is using the funding to grow market share against Nvidia and other competitors with its subscription-based Dataflow-as-a-Service AI platform, which relies on SambaNova’s RDU-based DataScale system to deliver what it says are “unmatched capabilities and efficiency” for AI.
Other AI chip startups with new funding rounds in 2021 include Groq, which announced a $300 million round in April for its Tensor Streaming Processors; Lightmatter, which announced an $80 million round from Hewlett Packard Enterprise, Google’s venture arm and other investors for its silicon photonics chip technology; and SiMa.ai, which raised $80 million in funding from Dell Technologies Capital and other investors for its Machine Learning System-on-Chip.