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EnCharge AI emerges from stealth with $21.7M to develop AI accelerator hardware

TechCrunch

EnCharge AI , a company building hardware to accelerate AI processing at the edge , today emerged from stealth with $21.7 Speaking to TechCrunch via email, co-founder and CEO Naveen Verma said that the proceeds will be put toward hardware and software development as well as supporting new customer engagements.

Hardware 216
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AI chip startup Axelera lands $27M in capital to commercialize its hardware

TechCrunch

Several years ago, Fabrizio Del Maffeo and a core team from Imec, a Belgium-based nanotechnology lab, teamed up with Evangelos Eleftheriou and a group of researchers at IBM Zurich Lab to develop a computer chip. The edge AI hardware market is projected to grow from 920 million units in 2021 to 2.08 billion by 2025.

Hardware 240
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Cloud storage startup Wasabi raises $250M to reach unicorn status

TechCrunch

According to Synergy Group , an IT market research firm, Amazon, Microsoft and Google together held a 65% share of the global cloud services market as of Q2, up 61% year-over-year. L2 Point Management led with participation from Cedar Pine and return investors Fidelity Management & Research Company and Forestay Capital.

Storage 224
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Wasabi scores $112M Series C on $700M valuation to take on cloud storage hyperscalers

TechCrunch

Taking on Amazon S3 in the cloud storage game would seem to be a fool-hearty proposition, but Wasabi has found a way to build storage cheaply and pass the savings onto customers. Fidelity Management & Research Company led the round with participation from previous investors. Wasabi storage starts at $5.99

Storage 218
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Navigating the future of national tech independence with sovereign AI

CIO

Core challenges for sovereign AI Resource constraints Developing and maintaining sovereign AI systems requires significant investments in infrastructure, including hardware (e.g., Many countries face challenges in acquiring or developing the necessary resources, particularly hardware and energy to support AI capabilities.

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Nvidia points to the future of AI hardware

CIO

And if the Blackwell specs on paper hold up in reality, the new GPU gives Nvidia AI-focused performance that its competitors can’t match, says Alvin Nguyen, a senior analyst of enterprise architecture at Forrester Research. The case for Blackwell is clear, adds Shane Rau, research VP for semiconductors at IDC. The answer is, not yet.”

Hardware 148
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Pliops lands $100M for chips that accelerate analytics in data centers

TechCrunch

Part of the problem is that data-intensive workloads require substantial resources, and that adding the necessary compute and storage infrastructure is often expensive. As a result, organizations are looking for solutions that free CPUs from computationally intensive storage tasks.” Marvell has its Octeon technology.