Rapid Silicon, a California-based manufacturer of open-source AI and intelligent edge-focused FPGAs (field-programmable gate arrays), recently announced it has closed a $30 million Series A Round.
The company raised $15 million as part of a Series A, with an extra $15 million planned for later in Q1 of 2023.
The company’s seed round
The company has closed $15M in funding from its seed round.
Cambium Capital (the multi-stage venture capital fund with a focus on the future of computational paradigms), and ChengWei Capital (a venture capital giant), are among the companies that contributed $15 million to Rapid Silicon in the seed round.
The second closing is planned for later in the first quarter oAf 2023.
Purpose of the current round
This round of funding will be used:
- to expand Rapid Silicon’s product spectrum,
- to further invest in its product portfolio,
- to launch its deluxe low-end FPGA product, “Gemini”, and
- to continue the company’s oversight in the adoption of open-source software for commercial applications.
What is Gemini? Rapid Silicon’s “Gemini” is a programmable logic device that is power optimized for the vast sensor processing requirements, tight thermal profiles, and diminishing form factors employed by embedded and edge applications. Rapid Silicon’s software, Raptor Design Suite, is a commercial FPGA (field-programmable gate array), EDA (electronic design automation) suite based on end-to-end open-source software.
Rapid Silicon
Located in California, USA, and Led by CEO Dr. Naveed Sherwani, Rapid Silicon is an AI-enabled FPGA (field-programmable gate array) company.
Rapid Silicon is a leader in AI-facilitated application-specific FPGAs for diverse target applications, which utilizes a hybrid of open-source software and proprietary AI technology to enhance design and facilitate customers experience.
Rapid Silicon plans
Consumers are looking for creative ways to program FPGAs, decrease support load by leveraging the open-source ecosystem of active creativity and development engineers, and reduce time-to-market.
Driven by its goals and talent, and with open-source software, Rapid Silicon is removing these obstacles and giving its customers a concentrated end-to-end FPGA design workflow.
Rapid Silicon has a lot of visions for the AI industry, and thanks to the Series A funding round, this vision is on its way to becoming reality.
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