Expedera Rings Up $28 Million Series B

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SANTA CLARA<&sol;span><&sol;span><&sol;strong> &&num;8212&semi; Expedera Inc&period;&comma; a licensor of edge inference artificial intelligence &lpar;AI&rpar; semiconductor intellectual property &lpar;IP&rpar;&comma; has raised <span class&equals;"xn-money">&dollar;20 million<&sol;span> in Series B funding led by indie Semiconductor&comma; with participation from prominent repeat and new industry investors&period; This investment&comma; which includes converting a previous SAFE note&comma; brings the company&&num;8217&semi;s total funding to more than <span class&equals;"xn-money">&dollar;47 million<&sol;span>&period; It will enable Expedera to advance its high-performance&comma; energy-efficient Neural Processing Unit &lpar;<span class&equals;"xn-person">NPU&rpar; IP<&sol;span> products and services and expand its global engineering footprint&period;<&sol;p>&NewLine;<p>Gartner predicts that more than 55&percnt; of AI analysis will move to the edge by 2025&period; Edge devices produce vast amounts of data that can be effectively processed and analyzed locally using AI&comma; reducing the need to transmit data to centralized cloud servers&period; Advanced Driver Assistance Systems &lpar;ADAS&rpar;&comma; vehicle automation&comma; consumer devices&comma; and industrial automation require instant insights and actions&comma; making edge AI essential for meeting stringent latency requirements&period; Future generations of edge AI processors will need to support emerging use cases such as stable diffusion and Large Language Models &lpar;LLM&rpar;&sol;Large Video Models &lpar;LVM&rpar; while driving lower power consumption and higher processing efficiencies&period; According to Fortune Business Insights&comma; the global edge AI market is poised for exponential growth&comma; projected to grow by a 31&period;7&percnt; CAGR through 2029 to a more than <span class&equals;"xn-money">&dollar;100B<&sol;span> market&period; This strategic alignment with the future of AI technology positions Expedera at the forefront of innovation&period;<&sol;p>&NewLine;<p>&&num;8220&semi;AI is rapidly becoming one of the most important enablers for all market segments where edge computation and data intelligence is paramount&comma; including in the automotive space&comma;&&num;8221&semi; said <span class&equals;"xn-person">Donald McClymont<&sol;span>&comma; indie co-founder and CEO&period; &&num;8220&semi;Expedera has quickly emerged as the market leader in enabling edge inference with its Origin NPU IP&period; indie is excited to be on this journey with Expedera as it unlocks multiple new applications &&num;8211&semi; including ADAS and sensor fusion &&num;8211&semi; with class-leading edge AI performance and efficiency&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Since our Series A round&comma; Expedera has dramatically increased the capabilities of our Origin hardware and software stack&comma; added support for leading-edge neural networks&comma; grown our customer base&comma; and expanded into a global company&comma;&&num;8221&semi; said Da Chuang&comma; Expedera co-founder and CEO&period; &&num;8220&semi;The addition of indie as lead among our new investors&comma; and the continued support of our existing investors is a testament to the strength of Expedera&&num;8217&semi;s NPU solutions&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Expedera made its mark on the AI industry when it introduced its Origin NPU IP in 2021&period; Origin IP scales to 128 TOPS with a single engine and features highly efficient processor utilization with market-leading low-power consumption while requiring minimal external memory bandwidth&period; Expedera has production license contracts with multiple smartphone OEMs and numerous automotive&comma; AR&sol;VR&sol;MR&comma; and consumer device chipset makers&period; Its Origin IP has been deployed in over <span class&equals;"xn-money">10M<&sol;span> devices&period;<&sol;p>&NewLine;