RaiderChip, a hardware design company specializing in AI acceleration on FPGA platforms, has successfully closed its seed capital round, raising one million Euros.
This funding marks a crucial milestone for the company as it embarks on the next phase of its growth, primarily focusing on marketing its innovative AI acceleration engine.
The GenAI v1, RaiderChip’s flagship product, offers exceptional efficiency, enabling local acceleration without subscriptions, and on low-cost devices. The IP core hardware solutions support various language models, catering to a wide range of applications, from smaller and simpler solutions to broader and more complex ones.
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Founded as a spin-off from VISENGI, RaiderChip boasts a team with extensive experience in low-level hardware design, including the development of the fastest H.264 video encoder on the market. Now, their focus is on bringing Generative AI acceleration to Edge markets, leveraging their decades of semiconductor design expertise.
According to CTO Victor Lopez, RaiderChip aims to maximize efficiency in AI acceleration by harnessing their deep experience in semiconductor design. With the newly secured funds, the company is poised to further advance its pursuit of efficient and versatile accelerators to meet the increasing demand for local acceleration solutions in the rapidly evolving field of Artificial Intelligence.
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