EnCharge AI, a startup specializing in analog in-memory computing AI chips, has successfully secured over $100 million in an oversubscribed Series B funding round. This latest investment brings the company’s total funding to more than $144 million. The capital will be utilized to commercialize EnCharge AI’s inaugural AI accelerator products for client computing in 2025 and to advance its future product roadmap.
Leading the Funding Round
The Series B round was led by Tiger Global, a prominent investment firm. The round also saw participation from a diverse group of financial and strategic investors spanning various industries, including consumer electronics, infrastructure, data centers, defense, and aerospace. New financial investors in this round include Maverick Silicon, Capital TEN, SIP Global Partners, Zero Infinity Partners, CTBC VC, Vanderbilt University, and Morgan Creek Digital. Existing investors such as RTX Ventures, Anzu Partners, Scout Ventures, AlleyCorp, ACVC, and S5V also contributed to the round.
Strategic Industry Partnerships
Notably, the funding round included strategic investments from industry leaders. Samsung Ventures, the corporate venture capital arm of Samsung, and HH-CTBC, a partnership between Hon Hai Technology Group (Foxconn) and CTBC VC, provided insights into future trends and challenges in the semiconductor and consumer electronics sectors. Additionally, investors focused on defense and industrial technology, such as In-Q-Tel (IQT), RTX Ventures, and Constellation Technology Ventures, participated in the round, highlighting the broad applicability of EnCharge AI’s innovations across various industries.
Advancing AI Efficiency
EnCharge AI’s noise-resilient analog in-memory compute architecture aims to significantly reduce the power consumption required for running conventional and generative AI inference workloads. By integrating efficient analog processing with memory, the company’s AI accelerators are designed to use up to 20 times less energy compared to current leading AI chips across a wide range of applications. Complemented by a comprehensive software platform, EnCharge AI’s technology seeks to expand AI capabilities beyond data centers to edge and client environments.
Strategic Insights
Dan Ateya, President and Managing Director of RTX Ventures, emphasized the transformative potential of EnCharge AI’s technology, particularly in defense and aerospace applications where constraints on size, weight, and power have previously limited AI deployment. A Managing Director at Samsung Ventures highlighted the revolutionary nature of EnCharge’s achievements, noting the extensive research and development that has derisked the technology prior to the company’s launch.
This significant funding round positions EnCharge AI to advance its mission of delivering energy-efficient AI accelerator solutions, thereby broadening the scope of AI applications across multiple industries.
