Mythic to Challenge AI’s GPU Pantheon with 100x Energy Advantage and Oversubscribed $125M Raise
Capping a dramatic turnaround, Mythic has raised $125M in an oversubscribed funding round led by DCVC to solve the biggest problem of AI—its insatiable, ruinous energy consumption—at both the data center and the edge, with an architecture that is 100x more energy-efficient than today’s top-of-the-line GPUs and all competing AI ASICs.
Mythic names NVIDIA veteran Dr. Taner Ozcelik as CEO to expand the AI inference market with superior energy efficiency, performance, and cost
Today Mythic named veteran semiconductor executive Dr. Taner Ozcelik, the founder and former VP & GM of NVIDIA’s automotive division, as its new CEO. Ozcelik will lead Mythic as the AI processor company leverages its ultra-efficient analog compute-in-memory technology to fuel new markets for AI inference, which is currently restricted to high-cost applications because of the severe memory and energy limitations of digital computing.
Mythic Raises $13 Million to Bring Its Next-generation Analog Computing Solution to Market
Mythic, the pioneering AI processor company with breakthrough analog compute-in-memory technology, has raised $13 million in a new round of funding. Mythic’s existing investors Atreides Management, DCVC, and Lux Capital contributed to the round, along with new investors Catapult Ventures and Hermann Hauser Investment (which is led by Hermann Hauser, one of the founders of Acorn Computers and the father of ARM semiconductors). Mythic also announced the appointment of its new CEO Dave Fick, who co-founded the company and previously served as CTO.
