Anaflash, a Sunnyvale, CA-based edge AI processor developer, raised an undisclosed amount in funding.
The round was led by Stonebridge Ventures, and joined by L&S Venture Capital, Lotte Ventures, and Plug and Play Ventures.
The company intends to use the funds to commercialize its non-volatile AI microcontroller product for battery-powered smart edge devices.
Led by CEO Peter Song, Anaflash specializes in processing neural network computations based on neuromorphic, non-volatile edge AI processor technology. It develops processors with non-volatile memory integrating low-power AI acceleration engines that reduce data traffic between processors and memory.
The company’s on-going Series-A funding round will be closed toward the end of 2024 upon pending transaction from the undisclosed corporate participant.
FinSMEs
20/11/2024