Despite the slowdown in semiconductor funding in recent quarters, Recogni's successful funding round indicates a potential shift in investor sentiment. Last year, chip startups only secured $1.2 billion in 66 deals, a significant drop from the over $2 billion raised in 2022. However, the need for new chip designs in industries like AI and automotive could be driving investors to reconsider their stance.
Key takeaways:
- Recogni, a startup developing an AI inference chip for the generative AI and automotive industries, has raised $102 million in a Series C funding round co-led by Celesta Capital and GreatPoint Ventures.
- The company's accelerator chip uses live data in trained models for predictions while requiring less energy.
- Despite the need for new chip designs in industries such as AI and automotive, U.S.-based semiconductor funding has slowed in recent quarters.
- Last year, chip startups saw only $1.2 billion in 66 deals, a significant drop from over $2 billion in 2022, and this year has seen only a few deals so far.