What does Blumind do?
Blumind is a Canadian deep-tech startup based in Ottawa that specializes in developing ultra-low-power analog AI chips designed for edge computing. The company delivers all-analog AI compute semiconductors, software, and data-driven system solutions.
How much did they raise?
The company raised $20M CAD in a Series A round led by Cycle Capital and BDC Capital, with additional participation from Fusion Fund, Two Small Fish Ventures, and Real Ventures.
What are their plans for the money?
Blumind intends to use the funds to further develop its AMPL technology and expand its range of all-analog AI compute semiconductors. This investment could accelerate improvements in reducing power consumption and latency for always-on AI applications, thereby driving the adoption of energy-efficient AI solutions.
What have they achieved so far?
The startup has made significant progress with its AMPL technology, demonstrating its capability to lower power consumption and latency. The leadership team, which includes prominent figures like CEO Niraj Mathur and CTO John Gosson, underscores the company's strong foundation in deep-tech innovation.
