Rapid Silicon Reels In $15 Million Seed Round

SAN JOSE &&num;8212&semi; Rapid Silicon, a provider of AI-enabled application-specific Field Programmable Gateway Arrays (FPGAs) based on open-source technology, has announced &dollar;15 million in seed funding led by ChengWei Capital and Cambium Capital&period; Rapid Silicon is headed by industry veteran Dr&period; Naveed Sherwani and has offices in San Jose and Shanghai, and plans to expand with additional offices in Europe and Asia&period;&NewLine;&OpenCurlyDoubleQuote;Today’s customer demand for simple-to-use and efficient FPGAs from independent suppliers is driven by increasing market consolidation and the rise of domain-specific architectures,” said Dr&period; Naveed Sherwani, Chairman, President, and CEO of Rapid Silicon&period; &OpenCurlyDoubleQuote;We see an opportunity to become a leading independent supplier of FPGAs&period; We are building our solution on top of open source FPGA technology using proprietary AI methodologies to meet the growing demand for diverse target applications&period;”&NewLine;As a founding member of the Open Source FPGA Foundation, Rapid Silicon has adopted the foundation’s open source tools and methodologies to allow for innovation on a global scale&period; Rapid Silicon’s new generation of FPGAs targets a wide range of applications, allowing customers to introduce differentiated products in record time&period;&NewLine;&OpenCurlyDoubleQuote;We are excited to work with Dr&period; Sherwani and his team to help bring this technology to the marketplace&period; Rapid Silicon’s business model utilizes open source and proprietary technology to enable customers to bring products to market more efficiently,” said Landon Downs, Managing Partner at Cambium Capital&period; &OpenCurlyDoubleQuote;The company is poised to become a global leader in the FPGA industry&period;”&NewLine;

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