The funding round takes total capital raised to date to $178 million.
Last November Mythic’s vp engineering Ty Garibay said the company “ran out of runway with the investors before we could get to revenue.”
The new investment will help Mythic bring to market its latest analogue processors for processing AI workloads at the edge.
“This new funding will help us accelerate our path forward to help companies to unlock the full potential of edge AI inferencing,” said Dave Fick, a Mythic co-founder and former CTO who has just been appointed CEO.
“We’re confident that our next-generation processor will be widely adopted in computer vision applications like smart robots, security cameras, drones, and AR headsets,” added Fick, “the potential for analogue computing is truly limitless.”
Mythic has an analogue compute-in-memory (CIM) architecture that uses high-density analogue memory to store neural networks on-chip.
This density, combined with integrated computation, allows Mythic to claim it can bring edge AI inferencing to everything from low-cost drones and tiny doorbell cameras to immersive AR headsets and robots.
Mythic claims that its processor’s ability to process full-resolution video at the edge allows security cameras and drones to detect threats in real-time.