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2024-07-24 11:34appdevelopermagazine.com/npus-disrupting-nvidia-ai-dominance/
"In the United States, the well-developed venture capital market, particularly in Silicon Valley enables promising companies to rapidly transition from start-ups to major contenders. For instance, California-based SiMa.ai has raised an impressive $270 million to date, including a $70 million Series B led by Maverick Capital in April 2024, reaching a post-money valuation of $770 million. The company’s platform accelerates the proliferation of high-performance machine learning inference at very low power in embedded edge applications, offering push-button performance, effortless deployment, and scaling at the embedded edge. Similarly, Etched, another Californian company, secured a $120 million Series A in June 2024, led by Positive Sum and Primary Venture Partners. They provide AI-based computing hardware specialized for transformers, designed to radically cut LLM inference costs."
"In the United States, the well-developed venture capital market, particularly in Silicon Valley enables promising companies to rapidly transition from start-ups to major contenders. For instance, California-based SiMa.ai has raised an impressive $270 million to date, including a $70 million Series B led by Maverick Capital in April 2024, reaching a post-money valuation of $770 million. The company’s platform accelerates the proliferation of high-performance machine learning inference at very low power in embedded edge applications, offering push-button performance, effortless deployment, and scaling at the embedded edge. Similarly, Etched, another Californian company, secured a $120 million Series A in June 2024, led by Positive Sum and Primary Venture Partners. They provide AI-based computing hardware specialized for transformers, designed to radically cut LLM inference costs."
