English
Rapid Silicon Announces Seed Funding of $15M
SAN JOSE, Calif., OCT 26, 2021 – Rapid Silicon, a provider of AI-enabled application-specific FPGAs based on open-source technology, today announced $15 million in seed funding led by ChengWei Capital and Cambium Capital. Rapid Silicon is headed by industry veteran Dr. Naveed Sherwani and has offices in San Jose and Shanghai and plans to expand with additional offices in Europe and Asia.
“Today’s customer demand for simple-to-use and efficient FPGAs from independent suppliers is driven by increasing market consolidation and the rise of domain-specific architectures,” said Dr. Naveed Sherwani, Chairman, President, and CEO of Rapid Silicon. “We see an opportunity to become a leading independent supplier of FPGAs. We are building our solution on top of open source FPGA technology using proprietary AI methodologies to meet the growing demand for diverse target applications.”
As a founding member of the Open Source FPGA Foundation, Rapid Silicon has adopted the foundation’s open source tools and methodologies to allow for innovation on a global scale. Rapid Silicon’s new generation of FPGAs targets a wide range of applications allowing customers to introduce differentiated products in record time.
“We are excited to work with Dr. Sherwani and his team to help bring this technology to the marketplace. Rapid Silicon’s business model utilizes open source and proprietary technology to enable customers to bring products to market more efficiently,” said Landon Downs, Managing Partner at Cambium Capital. “The company is poised to become a global leader in the FPGA industry.”
About Rapid Silicon
Rapid Silicon is a leader in AI enabled application-specific FPGAs for diverse target applications. We utilize a combination of open-source methodology and proprietary AI technology to significantly improve design and simplify the customer experience. To learn more about Rapid Silicon, please visit www.rapidsilicon.com.
|
||||||
Related News
- Fractile raises $15m seed funding to develop radical new AI chip and unlock exponential performance improvements from frontier AI models
- CXL Fabless Startup Panmnesia Secures Over $60M in Series A Funding, Aiming to Lead the CXL Switch Silicon Chip and CXL IP
- RAAAM Memory Technologies Closes $4M Seed Round to Commercialize Super Cost Effective On-Chip Memory Solutions
- Taalas emerges from stealth with $50 million in funding and a groundbreaking silicon AI technology
- Panmesia Raises $12.5 Million in Seed Funding with a Valuation Exceeding $81.4 Million in the CXL Semiconductor Arena
Breaking News
- Arm loses out in Qualcomm court case, wants a re-trial
- Jury is out in the Arm vs Qualcomm trial
- Ceva Seeks To Exploit Synergies in Portfolio with Nano NPU
- Synopsys Responds to U.K. Competition and Markets Authority's Phase 1 Announcement Regarding Ansys Acquisition
- Alphawave Semi Scales UCIe™ to 64 Gbps Enabling >20 Tbps/mm Bandwidth Density for Die-to-Die Chiplet Connectivity
Most Popular
|
E-mail This Article | 
|
|
Printer-Friendly Page |