- Expedera raises $20M in Series B
led by indie Semiconductor with new and existing investors
- Funds to be used to advance the company's Origin™ on-device AI
processor IP products and services and expand its global
footprint
SANTA
CLARA, Calif., May 21, 2024
/PRNewswire/ -- Expedera Inc., a leading licensor of edge inference
artificial intelligence (AI) semiconductor intellectual property
(IP), today announced it raised $20
million in Series B funding led by indie Semiconductor, with
participation from prominent repeat and new industry investors.
This investment, which includes converting a previous SAFE note,
brings the company's total funding to more than $47M. It will enable Expedera to advance its
high-performance, energy-efficient Neural Processing Unit
(NPU) IP products and services and
expand its global engineering footprint.
Gartner predicts that more than 55% of AI analysis will move to
the edge by 2025. Edge devices produce vast amounts of data that
can be effectively processed and analyzed locally using AI,
reducing the need to transmit data to centralized cloud servers.
Advanced Driver Assistance Systems (ADAS), vehicle automation,
consumer devices, and industrial automation require instant
insights and actions, making edge AI essential for meeting
stringent latency requirements. Future generations of edge AI
processors will need to support emerging use cases such as stable
diffusion and Large Language Models (LLM)/Large Video Models (LVM)
while driving lower power consumption and higher processing
efficiencies. According to Fortune Business Insights, the global
edge AI market is poised for exponential growth, projected to grow
by a 31.7% CAGR through 2029 to a more than $100B market. This strategic alignment with the
future of AI technology positions Expedera at the forefront of
innovation.
"AI is rapidly becoming one of the most important enablers for
all market segments where edge computation and data intelligence is
paramount, including in the automotive space," said Donald McClymont, indie co-founder and CEO.
"Expedera has quickly emerged as the market leader in enabling edge
inference with its Origin NPU IP. indie is excited to be on this
journey with Expedera as it unlocks multiple new applications -
including ADAS and sensor fusion - with class-leading edge AI
performance and efficiency."
"Since our Series A round, Expedera has dramatically increased
the capabilities of our Origin hardware and software stack, added
support for leading-edge neural networks, grown our customer base,
and expanded into a global company," said Da Chuang, Expedera
co-founder and CEO. "The addition of indie as lead among our new
investors, and the continued support of our existing investors is a
testament to the strength of Expedera's NPU solutions."
Expedera made its mark on the AI industry when it introduced its
Origin NPU IP in 2021. Origin IP scales to 128 TOPS with a single
engine and features highly efficient processor utilization with
market-leading low-power consumption while requiring minimal
external memory bandwidth. Expedera has production license
contracts with multiple smartphone OEMs and numerous automotive,
AR/VR/MR, and consumer device chipset makers. Its Origin IP has
been deployed in over 10M
devices.
About Expedera
Expedera provides customizable neural engine semiconductor IP
that dramatically improves performance, power, and latency while
reducing cost and complexity in edge AI inference applications.
Successfully deployed in well over 10 million consumer devices,
Expedera's Neural Processing Unit (NPU) solutions are scalable and
produce superior results in applications ranging from edge nodes
and smartphones to automotive. The platform includes an easy-to-use
TVM-based software stack that allows the importing of trained
networks, provides various quantization options, automatic
completion, compilation, estimator, and profiling tools, and
supports multi-job APIs. Headquartered in Santa Clara, California, the company has
engineering development centers and customer support offices in the
United Kingdom, China, Japan,
Taiwan, and Singapore. Visit https://www.expedera.com.
About indie
indie is empowering the Autotech revolution with next generation
automotive semiconductors and software platforms. We focus on
developing innovative, high-performance and energy-efficient
technology for ADAS, user experience and electrification
applications. Our mixed-signal SoCs enable edge sensors spanning
Radar, LiDAR, Ultrasound, and Computer Vision, while our embedded
system control, power management and interfacing solutions
transform the in-cabin experience and accelerate increasingly
automated and electrified vehicles. We are an approved vendor to
Tier 1 partners and our solutions can be found in marquee
automotive OEMs worldwide. Headquartered in Aliso Viejo, CA, indie has design centers and
regional support offices across the
United States, Canada,
Argentina, Scotland, Germany, Hungary, Morocco, Israel, Japan, South
Korea, Switzerland and
China.
Please visit us at www.indiesemi.com to learn more.
Media Contact: Paul Karazuba, +1
650 887 0815, 377889@email4pr.com
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SOURCE Expedera