Expedera: Pioneering the Future of Edge AI with $20 Million Series B Funding
May 23, 2024, 3:34 pm
Location: United States, California, Santa Clara
Employees: 11-50
Founded date: 2018
Total raised: $38M
In a groundbreaking move that has sent shockwaves through the tech industry, Expedera, a trailblazer in edge inference artificial intelligence (AI) semiconductor intellectual property (IP), has successfully raised a staggering $20 million in Series B funding. This monumental achievement was spearheaded by indie Semiconductor, with the participation of both esteemed repeat investors and fresh faces in the industry.
This latest injection of capital has propelled Expedera's total funding to an impressive sum exceeding $47 million, marking a significant milestone in the company's journey towards revolutionizing the landscape of edge AI technology. With a laser focus on advancing their high-performance and energy-efficient Neural Processing Unit (NPU) IP products and services, Expedera is poised to lead the charge in shaping the future of AI innovation.
The demand for instant insights and actions in critical sectors such as Advanced Driver Assistance Systems (ADAS), vehicle automation, consumer devices, and industrial automation has never been greater. Edge AI has emerged as a vital solution to meet the stringent latency requirements of these industries, and Expedera stands at the forefront of this transformative technology.
Future generations of edge AI processors must be equipped to support emerging use cases such as stable diffusion and the integration of Large Language Models (LLM) and Large Video Models (LVM), all while driving lower power consumption and higher processing efficiencies. Expedera's Origin NPU IP, which made a significant impact on the AI industry upon its launch in 2021, is a testament to the company's commitment to pushing the boundaries of innovation.
Scalable to an impressive 128 TOPS with a single engine, the Origin IP boasts highly efficient processor utilization and market-leading low-power consumption, all while requiring minimal external memory bandwidth. This cutting-edge technology has already garnered production license contracts with multiple smartphone OEMs and a multitude of automotive, AR/VR/MR, and consumer device chipset manufacturers, with deployments in over 10 million devices worldwide.
Key figures in the industry have expressed their excitement and support for Expedera's groundbreaking work. Donald McClymont, co-founder and CEO of indie Semiconductor, lauded Expedera as the market leader in enabling edge inference with its Origin NPU IP, highlighting the company's ability to unlock new applications such as ADAS and sensor fusion with unparalleled performance and efficiency.
CEO Da Chuang, a driving force behind Expedera's success, emphasized the company's remarkable progress since its Series A round, citing advancements in hardware and software capabilities, expanded support for cutting-edge neural networks, and a growing customer base. The addition of indie Semiconductor as the lead investor in this latest funding round, alongside continued support from existing investors, underscores the strength and potential of Expedera's NPU solutions.
As Expedera continues to push the boundaries of edge AI technology and expand its global engineering footprint, the company is poised to shape the future of AI innovation and drive transformative change across industries. With a commitment to excellence, innovation, and unparalleled performance, Expedera is leading the charge in the edge AI revolution.
This latest injection of capital has propelled Expedera's total funding to an impressive sum exceeding $47 million, marking a significant milestone in the company's journey towards revolutionizing the landscape of edge AI technology. With a laser focus on advancing their high-performance and energy-efficient Neural Processing Unit (NPU) IP products and services, Expedera is poised to lead the charge in shaping the future of AI innovation.
The demand for instant insights and actions in critical sectors such as Advanced Driver Assistance Systems (ADAS), vehicle automation, consumer devices, and industrial automation has never been greater. Edge AI has emerged as a vital solution to meet the stringent latency requirements of these industries, and Expedera stands at the forefront of this transformative technology.
Future generations of edge AI processors must be equipped to support emerging use cases such as stable diffusion and the integration of Large Language Models (LLM) and Large Video Models (LVM), all while driving lower power consumption and higher processing efficiencies. Expedera's Origin NPU IP, which made a significant impact on the AI industry upon its launch in 2021, is a testament to the company's commitment to pushing the boundaries of innovation.
Scalable to an impressive 128 TOPS with a single engine, the Origin IP boasts highly efficient processor utilization and market-leading low-power consumption, all while requiring minimal external memory bandwidth. This cutting-edge technology has already garnered production license contracts with multiple smartphone OEMs and a multitude of automotive, AR/VR/MR, and consumer device chipset manufacturers, with deployments in over 10 million devices worldwide.
Key figures in the industry have expressed their excitement and support for Expedera's groundbreaking work. Donald McClymont, co-founder and CEO of indie Semiconductor, lauded Expedera as the market leader in enabling edge inference with its Origin NPU IP, highlighting the company's ability to unlock new applications such as ADAS and sensor fusion with unparalleled performance and efficiency.
CEO Da Chuang, a driving force behind Expedera's success, emphasized the company's remarkable progress since its Series A round, citing advancements in hardware and software capabilities, expanded support for cutting-edge neural networks, and a growing customer base. The addition of indie Semiconductor as the lead investor in this latest funding round, alongside continued support from existing investors, underscores the strength and potential of Expedera's NPU solutions.
As Expedera continues to push the boundaries of edge AI technology and expand its global engineering footprint, the company is poised to shape the future of AI innovation and drive transformative change across industries. With a commitment to excellence, innovation, and unparalleled performance, Expedera is leading the charge in the edge AI revolution.