EdgeCortix, a leading fabless semiconductor company specializing in energy-efficient artificial intelligence processing at the edge, announced the initial close of its Series B funding round. This milestone raises EdgeCortix’s cumulative funding, including equity investments and substantial non-dilutive government awards since December 2024, to nearly $100 million USD, marking significant momentum in the company’s rapid growth and global market expansion.
This Series B round attracted substantial interest from prominent global investors, highlighting continued confidence in EdgeCortix’s innovative AI technologies, strategic leadership, and robust customer traction. Investors participating in the initial close include Yanmar Ventures, Pacific Bays Capital, NTT Finance Corporation, SiC Power, and Aero X Ventures, along with continued support from existing investors including SBI Investments and Global Hands-On VC (GHOVC).
“The strong support from both new and existing investors is a clear endorsement of our market position and proven success across sectors such as robotics, industrial automation, defense, aerospace, and space exploration,” said Dr. Sakyasingha Dasgupta, Founder and CEO of EdgeCortix. “This funding empowers us to accelerate the mass-production deployment of our highly successful SAKURA-II AI co-processors, which have secured design-wins across multiple industries. Additionally, it fuels the rapid production of our next-generation SAKURA-X chiplet platform, offering an unprecedented performance of up to 2,000 TOPS per device, with low-power, enabling advanced generative AI workloads in scalable high-performance physical AI systems.”
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Investor Perspectives:
“We are truly honored to have the opportunity to participate in the investment in EdgeCortix. We believe that the innovative technologies developed by EdgeCortix are closely aligned with Yanmar Ventures’ mission to support game-changing solutions that help shape a better future. Through this investment, we look forward to exploring potential collaborations and working together to create value that can be returned to society,” commented Sota Tsutsuki, Senior Capitalist, Yanmar Ventures Co., Ltd.
“We see tremendous potential in EdgeCortix’s unique technology, forward-looking market strategy, and proven execution. These strengths position the company to drive meaningful growth in industrial automation, telecommunications, aerospace, and beyond,” added Seiichi Hashimoto, Senior Vice President, Executive Manager, Group Treasury Department, NTT Finance Corporation.
“EdgeCortix is uniquely positioned through the dual-use nature of its technology, underscored by its recent high-profile project award from the U.S. Defense Innovation Unit,” said Maxwell Imai Weiss, Partner, Pacific Bays Capital.
SOURCE: Businesswire