Rain Neuromorphics, a startup that designs chips that simulate how the brain works and aims to serve companies using artificial intelligence (AI) algorithms, said Wednesday it has raised 25 million dollars. dollars (about Rs. 187 crore).
Gordon Wilson, CEO and co-founder of Rain, says that while most WHO chip on the market today is digital, his company’s technology is analog. Digital chips read 1s and 0s while analog chips can decode incremental information such as sound waves.
“It’s about looking at the brain first for clues that inform how we can build a new computing platform,” says Wilson. “By building neural circuits, we can achieve phenomenal efficiency and phenomenal scale simultaneously.”
The AI market is currently dominated by NVIDIA’s graphics chip. Other US startups that have been raising funds include SambaNova Systems, Groq, and Cerebras Systems.
Sam AltmanA prominent Silicon Valley AI investor and researcher who was an early backer of Rain told Reuters by e-mail that the company’s “fundamental neural approach could dramatically reduce costs.” cost to create powerful AI models and hopefully one day help enable real artificial intelligence.”
Rain’s chip is designed by adding a circuit called a memristor on top of the silicon wafers. Memristors, originally designed by HP Wilson said the lab about a decade ago acted as an ‘artificial synapse’ that allowed processing and memory to happen in the same place, making it possible to run AI algorithms faster and much more energy efficient than existing digital AI chips.
The money raised will be used to expand the engineering team as Rain moves its prototype chip to the next stage of development, Wilson said.
The latest funding round was led by Prosperity 7 Ventures, a venture capital fund of Aramco Joint venture companies.
© Thomson Reuters 2022
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