Feb 20, 2025 | Posted by Abdul-Rahman Oladimeji
AI chip startup EnCharge AI has closed an oversubscribed $100 million Series B funding round led by Tiger Global and saw participation from Samsung Ventures and HH-CTBC. It brings the total amount raised by EnCharge AI to more than $144m. The company said it would use the funds to bring its first AI accelerators to market in 2025.
EnCharge AI has been developing analog in-memory chip technology which it claims is able to achieve orders-of-magnitude higher compute efficiency and density compared to today's best-in-class solutions.The company says it was able to overcome previous hurdles that have been associated with both analog and in-memory chip architectures by leveraging precise metal-wire switch capacitors instead of noise-prone transistors. The result, it claims, is up to 20 times more energy efficient than currently available or soon-to-be-available leading digital AI chip solutions.
"Our Series B is a pivotal milestone for the company that signals our readiness to bring our full-stack AI solutions to market in 2025,” said Naveen Verma, former Princeton University professor and CEO and co-founder of EnCharge. “We are grateful to the fantastic group of investors who will help us unlock the potential of artificial intelligence for countless industries and applications in a way that is sustainable, cost-effective, and scalable.”
EnCharge AI has been developing analog in-memory chip technology which it claims is able to achieve orders-of-magnitude higher compute efficiency and density compared to today's best-in-class solutions.The company says it was able to overcome previous hurdles that have been associated with both analog and in-memory chip architectures by leveraging precise metal-wire switch capacitors instead of noise-prone transistors. The result, it claims, is up to 20 times more energy efficient than currently available or soon-to-be-available leading digital AI chip solutions.
"Our Series B is a pivotal milestone for the company that signals our readiness to bring our full-stack AI solutions to market in 2025,” said Naveen Verma, former Princeton University professor and CEO and co-founder of EnCharge. “We are grateful to the fantastic group of investors who will help us unlock the potential of artificial intelligence for countless industries and applications in a way that is sustainable, cost-effective, and scalable.”