Expedera Raises $ 18 Million Series A Funding to Advance Its IP Deep Learning Accelerator | New

SANTA CLARA, Calif .– (BUSINESS WIRE) – December 9, 2021–

Expedera Inc. today announced an $ 18 million Series A funding round led by Dr. Sehat Sutardja and Weili Dai (founders of Marvell Technology Group) and other leading investors in the semi-trailer industry. -conductors. This brings the total amount raised to over $ 27 million and will allow Expedera to accelerate product development and expand sales and marketing to meet demand for its Deep Learning Accelerator IP ( DLA) high performance and energy efficient.

Semiconductor chipmakers add AI (artificial intelligence) inference capabilities to almost any application, including smartphones, smart speakers, security cameras, PCs / tablets, devices laptops, automotive and edge servers.

“We forecast shipments of AI-enabled edge devices to grow from around 600 million units in 2020 to 2 billion units in 2025, representing an annual growth of 26%,” said Linley Gwennap, Senior Analyst at The Linley Group. “Smartphones, a market where Expedera is already successful, represent about half of these units. “

“This funding underscores Expedera’s success to date and will allow us to expand our portfolio and our team to meet market needs,” said Da Chuang, CEO of Expedera. “We are incredibly happy that Weili Dai and Sehat Sutardja are leading this round. As highly respected veterans of the semiconductor industry, they have a unique understanding of the market and customer needs. I look forward to a long partnership.

“Device makers generally needed to build their own chips and generally only the largest companies could afford to do that,” Gwennap said. “Expedera’s IP model offers a more cost-effective way to respond to the sprawling high-tech AI market. A single IP vendor can license some or all of the many chip vendors that supply a multitude of device manufacturers to the peripheral market.

Expedera’s Deep Learning Accelerator IP delivers the industry’s highest performance per watt and is scalable up to 128 TOPS with single core and up to PetaOps with multiple cores. This makes it an ideal solution for a wide range of AI inference applications, especially at the edge. Expedera’s Origin IP and software platform supports popular AI interfaces including TensorFlow, ONNX, Keras, Mxnet, Darknet, CoreML, and Caffe2 through Apache TVM. By licensing its technology as a semiconductor IP, Expedera enables any chip designer to add cutting edge AI functionality to their product.

About Expedera

Expedera provides scalable semiconductor IP for neural engines that can dramatically improve performance, power and latency while reducing the cost and complexity of AI inference applications. Validated by third parties, Expedera’s solutions deliver superior performance and are scalable for a wide range of applications, from edge nodes and smartphones to automotive and data centers. Expedera’s OriginTM deep learning accelerator products are easily integrated, easily scalable, and can be customized to meet application requirements. The company is headquartered in Santa Clara, California. Visit expedera.com

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211209005079/en/

CONTACT: Paul Karazuba, vice-president of marketing

408-421-2119

paul@expedera.com

KEYWORD: CALIFORNIA CHINA UNITED STATES NORTH AMERICA ASIA PACIFIC

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY SEMICONDUCTOR HARDWARE

SOURCE: Expedera Inc.

Copyright Business Wire 2021.

PUB: 12/09/2021 9:00 a.m. / DISC: 12/09/2021 9:02 a.m.

http://www.businesswire.com/news/home/20211209005079/en

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Steven L. Nielsen