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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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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. Wasabi storage starts at $5.99 Wasabi just landed $68 million to upend cloud storage. “The business has just been exploding.

Storage 218
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Energy Dome uses CO2 for long-term power storage for solar energy

TechCrunch

Longer-term energy storage is a drag, and a lot of battery tech has been focusing on “how quickly can we charge these batteries so I can drive my EV for another couple of hundred miles.” It points out that this is a fast-growing market segment, not well served by existing battery technologies.

Energy 248
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REEF Technology raises $700M from SoftBank and others to remake parking lots

TechCrunch

Even after the collapse of WeWork, the investors are doubling down on a similar business model as part of a syndicate investing $700 million into REEF Technology. REEF began its life as Miami-based ParkJockey, providing hardware, software and management services for parking lots. Image Credit: REEF Technology.

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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known as a data processing unit (DPU), for around $190 million. ” A DPU is a dedicated piece of hardware designed to handle certain data processing tasks, including security and network routing for data traffic. .

Azure 282
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From edge to cloud: The critical role of hardware in AI applications

CIO

In this new blog series, we explore artificial intelligence and automation in technology and the key role it plays in the Broadcom portfolio. All this has a tremendous impact on the digital value chain and the semiconductor hardware market that cannot be overlooked. Hardware innovations become imperative to sustain this revolution.

Hardware 147
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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.