Personal blog of Yzmir Ramirez

Krishna Rangasayee, founder and CEO, at SiMa.ai, has 30 years of experience in the semiconductor industry. He decided to put that experience to work in a startup and launched SiMa.ai last year with the goal of building an ultra low-power software and chip solution for machine learning at the edge.

Today he announced a $30 million Series A led by Dell Technologies Capital with help from Amplify Partners, Wing Venture Capital and +ND Capital. Today’s investment brings the total raised to $40 million, according to the company.

Rangasayee says in his years as a chip executive he saw a gap in the machine learning market for embedded devices running at the edge and he decided to start the company to solve that issue.

“While the majority of the market was serviced by traditional computing, machine learning was beginning to make an impact and it was really amazing. I wanted to build a company that would bring machine learning at significant scale to help the problems with embedded markets,” he told TechCrunch.

The company is trying to focus on efficiency, which it says will make the solution more environmentally friendly by using less power. “Our solution can scale high performance at the lowest power efficiency, and that translates to the highest frames per second per watt. We have built out an architecture and a software solution that is at a minimum 30x better than anybody else on the frames per second,” he explained.

He added that achieving that efficiency required them to build a chip from scratch because there isn’t a solution available off the shelf today that could achieve that.

So far the company has attracted 20 early design partners, who are testing what they’ve built. He hopes to have the chip designed and the software solution in Beta in the Q4 timeframe this year, and is shooting for chip production by Q2 in 2021.

He recognizes that it’s hard to raise this kind of money in the current environment and he’s grateful to the investors, and the design partners who believe in his vision. The timing could actually work in the company’s favor because it can hunker down and build product while navigating through the current economic malaise.

Perhaps by 2021 when the product is in production, the market and the economy will be in better shape and the company will be ready to deliver.

Intel today is announcing another acquisition as it continues to pick up talent and IP to bolster its next generation of computing chips beyond legacy PCs. The company has acquired NetSpeed Systems, a startup that makes system-on-chip (SoC) design tools and interconnect fabric intellectual property (IP). The company will be joining Intel’s Silicon Engineering Group, and its co-founder and CEO, Sundari Mitra, herself an Intel vet, will be coming on as a VP at Intel where she will continue to lead her team.

Terms of the deal are not being disclosed, but for some context, during NetSpeed’s last fundraise in 2016 (a $10 million Series C) it had a post-money valuation of $60 million, according to data from PitchBook.

SoC is a central part of how newer connected devices are being made. Moving away from traditional motherboards to create all-in-one chips that include processing, memory, input/output and storage is an essential cornerstone when building ever-smaller and more efficient devices. This is an area where Intel is already active but against others like Nvidia and Qualcomm many believe it has some catching up to do, and so this acquisition in important in that context.

“Intel is designing more products with more specialized features than ever before, which is incredibly exciting for Intel architects and for our customers,” said Jim Keller, senior vice president and general manager of the Silicon Engineering Group at Intel, in a statement. “The challenge is synthesizing a broader set of IP blocks for optimal performance while reining in design time and cost. NetSpeed’s proven network-on-chip technology addresses this challenge, and we’re excited to now have their IP and expertise in-house.”

Intel has made a series of acquisitions to speed up development of newer chips to work in connected objects and smaller devices beyond the PCs that helped the company make its name. Another recent acquisition in the same vein include eASIC for IoT chipsets, which Intel acquired in July. Intel has also been acquiring startups in other areas where it hopes to make a bigger mark, such as deep learning (case in point: its acquisition of Movidius in August).

NetSpeed has been around since 2011 and Intel was one of its investors and customers.

“Intel has been a great customer of NetSpeed’s, and I’m thrilled to once again be joining the company,” said Mitra, in a statement. “Intel is world class at designing and optimizing the performance of custom silicon at scale. As part of Intel’s silicon engineering group, we’re excited to help invent new products that will be a foundation for computing’s future.”

Intel said it will to honor NetSpeed’s existing customer contracts, but it also sounds like it the company will not be seeking future business as Intel integrates the company into its bigger business.

 As we develop increasingly sophisticated technologies like self-driving cars and industrial internet of things sensors, it’s going to require that we move computing to the edge. Essentially this means that instead of sending data to the cloud for processing, it needs to be done right on the device itself because even a little bit of latency is too much. Intel announced a new chip… Read More