On May 21, 2024, the Santa Clara, California-based edge inference artificial intelligence (AI) semiconductor IP startupExpederaannounced it has raised $20 million in Series B funding, led by indie Semiconductor, with participation from new and existing investors.
The company plans to use the raised funds to advance its Origin™ on-device AI processor IP products and services and expand its global engineering footprint.
Expedera was founded in 2018 and is headquartered in Santa Clara, California, with engineering development centers and customer support offices in the United Kingdom, China, Japan, Taiwan, and Singapore. The company provides customizable neural engine semiconductor IP that significantly improves performance, power, and latency in edge AI inference applications while reducing cost and complexity. The company's neural processing unit (NPU) solutions have been successfully deployed in over 10 million consumer devices and are scalable, delivering superior results in applications ranging from edge nodes and smartphones to automotive and other fields.
(Source:PR Newswire）