AheadComputing Secures $21.5 Million Seed Funding for RISC-V-Based Chip Development
AheadComputing, a newly established chip startup, has raised $21.5 million in seed funding. The funding will support the design and development of CPU technology leveraging the open-source RISC-V architecture.
Founded by former Intel engineers and executives, AheadComputing aims to address computing performance limitations, including bandwidth shortages and data processing constraints, particularly in the context of artificial intelligence.
"The RISC-V ecosystem is open, not proprietary or controlled by a single entity," said Debbie Marr, co-founder and CEO of AheadComputing. "Its collaborative nature fosters innovation and accommodates multiple players."
Prior to founding AheadComputing, Marr and team were responsible for developing critical technologies that enhanced Intel's CPU capabilities.
Eclipse Ventures led the seed funding round, with Maverick Capital, Fundomo, and EPIQ Capital Group also participating. Jim Keller, former chip architect for Apple and Tesla, is among the investors.
"High-performance computing is a rapidly growing market with an estimated $100 billion valuation by 2030," stated Greg Reichow, partner at Eclipse Ventures. "AheadComputing's focus on RISC-V positions it well to tap into this substantial opportunity."