RaiderChip, a Solares, Spain-based hardware design company, raised €1M in Seed funding.
Backers were not disclosed.
The company intends to use the funds to continue to expand operations and to market its AI acceleration engine.
Founded as a spin-off from VISENGI and led by Victor Lopez, RaiderChip is developing IP core hardware solutions aimed at accelerating Artificial Intelligence on FPGA platforms. Its efficiency allows it to offer acceleration entirely locally, without subscriptions, and on low-cost devices. Designed to operate both fully autonomously and embedded, the GenAI v1 supports various language models: from the Microsoft Phi-2 Small Language Model, for solutions, to the Meta Llama-2 and Llama-3 Large Language Models for broader and more complex applications.
FinSMEs
22/05/2024