Esperanto Technologies Secures $58 Million In Series B Investment For AI Chips

Esperanto Technologies, a developer of high-performance, energy-efficient computing solutions for artificial intelligence (AI), machine learning (ML) and Deep Learning (DL) applications, today announced that it has closed its Series B funding round of $58 million, with investments from several strategic and venture capital investors. This Series B round brings the total investment in Esperanto to $63 million.
Esperanto’s mission is to deliver the most energy-efficient, high-performance computing solutions for AI and ML applications leveraging the open standard RISC-V Instruction Set Architecture (ISA) and other open standards such as the Open Compute Platform (OCP), Pytorch ML framework, Glow ML compiler, and the Open Neural Network Exchange (ONNX).
This investment will accelerate Esperanto’s product development of its first generation 7nm solutions which will include more than a thousand energy efficient ET-Minion™ RISC-V cores on a single 7nm chip. Currently the company has a staff in excess of a hundred engineers, including AI experts, processor architects, chip designers, software developers and system engineers.
 
To read more, please visit: https://www.esperanto.ai/esperanto-technologies-secures-58-million-in-series-b-investment-for-ai-chips/.