Mythic, a startup making artificial intelligence chips for use in gadgets such as smart home devices or security cameras, on Tuesday said it raised $70 million in its latest round of funding.
The Redwood City, California-based chip maker started in 2012, uses analog technology for its chips rather than digital.
Digital chips store and process data in 1s and 0s, while analog chips can process wave forms such as speech or video and are used to digitize speech and video into 1s and 0s.
"With analog compute, we could get that same compute power in a small, low power, low cost chip.
The Mythic chip can process the data, such as video, locally and just send key information back to the data center for use if needed, said Henry.
Mike Henry, Henry
Nvidia Corp, BlackRock, Hewlett Packard Enterprise, Thomson
Redwood City , California