COMPANY INFO
Mythic, Inc. is a semiconductor manufacturing company founded in 2012 by Laura Fick and Dave Fick. Headquartered in Austin, Texas, Mythic specializes in developing cutting-edge Analog Matrix Processors based on unique analog compute-in-memory technology to enable AI inference in real-world environments. The company has around 50 employees and operates in the semiconductor industry. Their website is https://mythic.ai.
Mythic is a semiconductor manufacturing company founded in 2012 and headquartered in Austin, Texas. Focused on developing pioneering Analog Matrix Processors, Mythic leverages a breakthrough analog compute-in-memory approach to deliver efficient AI inference for real-world edge environments. With around 50 employees, Mythic operates at the forefront of the semiconductor industry and is led by founders Michael Henry and Dave Fick. The company’s technology aims to unlock new possibilities in AI edge computing.
Mythic funding has been robust and consistent since its inception. Over a total of 10 funding rounds, the company has raised approximately $178 million, supported by a mix of prominent venture capital investors, strategic partners, and select grant and debt funding. Mythic’s funding strategy has prioritized scaling its unique AI processor solutions and expanding into new markets, achieving important milestones including the launch of its analog matrix processor technology and pivotal Series C rounds. The company's investors include both industry heavyweights and technology-focused venture capital firms, bolstering Mythic’s reputation as a leader in the AI hardware sector.
This Series C round was aimed at bringing Mythic’s next-generation M2000 series product to market, following the successful launch of the M1076 Analog Matrix Processor. The funds were earmarked for advancing AI edge inferencing and further developing their analog compute technology.
With a strong $70 million Series C investment, Mythic focused on scaling and expanding its market presence, accelerating the commercialization of its AI processors and expanding support for global customers.
The Series B round provided $40 million for product development and forming strategic partnerships, particularly targeting advancements in analog computing for AI.
This additional Series B infusion of $3 million supported Mythic in further developing its product roadmap and pursuing market growth opportunities.
The $9 million Series A funding fueled initial product development and validated Mythic's unique analog processor technology.
A short-term debt round provided operational financing during an early growth stage.
Mythic received early-stage grant support in the form of prize money to further technology development.
Seed funding supported the company’s initial launch and early technology development efforts.
DCVC (Data Collective) is a leading venture capital firm with deep expertise in backing deep tech startups. DCVC's continued investments in Mythic highlight their support for transformational advances in semiconductor and AI technologies, backing Mythic across multiple funding rounds.
Lux Capital is a well-known venture capital firm that invests in emerging science and technology ventures. As a recurring investor, Lux Capital has been instrumental in Mythic’s Series A and subsequent rounds, shaping the company’s trajectory toward market leadership.
AME Cloud Ventures is an early-stage venture fund focused on supporting data-driven startups. Their participation underscores confidence in Mythic's innovative approach to AI edge processing.
Atreides Management, as a leading investor in the most recent Series C, provided pivotal support for the commercialization of Mythic’s next-generation products.
Catapult Ventures joined Mythic’s Series C investor group, contributing additional venture capital and expertise to propel Mythic's growth.
Hermann Hauser Investment played a key role as an investor in the latest rounds, further strengthening Mythic’s position within the advanced semiconductor landscape.
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