EnCharge, a Santa Clara, CA-based company developing advanced AI chips and full stack solutions, raised $22.6M in funding.
The round, which brought the total amount to $45M, saw participation from VentureTech Alliance, RTX Ventures, ACVC Partners, Anzu Partners, AlleyCorp, Scout VC, Silicon Catalyst Angels and S5V.
The company intends to use the funds to expand operations and its development efforts.
Led by Naveen Verma, Ph.D., CEO, EnCharge AI is a leader in advanced AI solutions for deployments from edge-to-cloud. The company’s in-memory computing technology provides high compute efficiency and density to enable the potential of AI to be accessible at scale, in power, energy, and space constrained applications.
FinSMEs
05/12/2023