Top 45 Startups developing AI Hardware

Oct 24, 2024 | By Siddhant Patel

These companies develop and build TPU chips and other hardware, specifically designed for machine learning that accelerate training and performance of neural networks and reduce the power consumption.
1
Country: Finland | Funding: $14.1M
DataCrunch provides The ML Cloud - premium dedicated GPU servers and clusters Model inference services (For your AI/ML needs)
2
Country: USA | Funding: $1.1B
SambaNova Systems is a computing startup focused on building machine learning and big data analytics platforms.
3
Country: USA | Funding: $1B
Groq radically simplifies compute to accelerate workloads in artificial intelligence, machine learning, and high-performance computing.
4
Country: USA | Funding: $822M
Lightmatter is building the engines that will power discoveries, drive progress, and reduce our impact on the planet.
5
Country: USA | Funding: $720M
Cerebras is a computer systems company dedicated to accelerating deep learning. The pioneering Wafer-Scale Engine (WSE) – the largest chip ever built – is at the heart of our deep learning system, the Cerebras CS-1.
6
Country: UK | Funding: $692M
Graphcore is a semiconductor company that develops accelerators for AI and machine learning. It aims to make a massively parallel Intelligent Processing Unit that holds the complete machine learning model inside the processor.
7
Country: Israel | Funding: $343.9M
Hailo has developed a specialized deep learning processor that delivers the performance of a data center-class computer to edge devices.
8
Country: USA | Funding: $338.9M
Celestial AI develops optical interconnect technology for compute-to-compute, compute-to-memory and on-chip data transmission.
9
Country: Canada | Funding: $334.5M
Tenstorrent is a computing company that develops AI processors designed to help in faster training and adaptability to future algorithms.
10
Country: USA | Funding: $330M
SiMa.ai is building an ultra low-power software and chip solution for machine learning at the edge.
11
Country: USA | Funding: $293M
Nuvia is a silicon design company that designs processors for data centers.
12
Country: USA | Funding: $235.1M
Enfabrica develops networking hardware to drive AI workloads
13
Country: South Korea | Funding: ₩297.6B
Rebellions.ai builds AI accelerators by bridging the gap between underlying silicon architectures and deep learning algorithms.
14
Country: USA | Funding: $212M
Kneron develops an application-specific integrated circuit and software that offers artificial intelligence-based tools.
15
Country: China | Funding: $200M
Cambricon develops artificial intelligence chips.
16
Country: USA | Funding: $164.7M
Mythic goes beyond conventional digital architectures, memory, and calculation elements – rethinking everything from the ground up: from transistors and physics, through circuits and systems, up to software and AI algorithms.
17
Country: Netherlands | Funding: $136.7M
Axelera is working to develop AI acceleration cards and systems for use cases like security, retail and robotics that it plans to sell through partners in the business-to-business edge computing and Internet of Things sectors.
18
Country: USA | Funding: $126M
EdgeQ intends to fuse AI compute and 5G within a single chip. The company is pioneering converged connectivity and AI that is fully software-customizable and programmable.
19
Country: USA | Funding: $125.4M
Etched.ai is an AI chip startup that develops Sohu, a chip designed specifically for running transformer models.
20
Country: USA | Funding: $124M
Esperanto Technologies is a company develops high-performance, energy-efficient computing solutions encouraging your innovation in artificial intelligence via flexible RISC-V open instruction set architecture (ISA) designs.
21
Country: USA | Funding: $115M
Luminous develops supercomputer for AI on a single chip that will replace 3000 TPU boards.
22
Country: France | Funding: $111.4M
Prophesee develops innovative computer vision sensors and systems for applications in all fields of artificial vision. The sensor technology is inspired by biological eyes, acquiring and processing the visual information in an extremely performing yet highly efficient way.
23
Country: South Korea | Funding: ₩134.5B
DEEPX is a Korean AI hardware system solution company.
24
Country: USA | Funding: $86.5M
Movidius is a fabless semiconductor company and the leader in mobile vision processor technology for connected devices.
25
Country: Israel | Funding: $75M
Habana Labs unlocks the true potential of AI by providing an order of magnitude improvements in processing performance, cost and power consumption. The company develops AI processors from the ground up, optimized for the specific needs of training deep neural networks and for inference deployment in production environments.
26
Country: USA | Funding: $67.4M
Flex Logix Technologies is a semiconductor startup designing reconfigurable AI accelerator chips.
27
Country: USA | Funding: $62.9M
EnCharge AI delivers a battle-tested computing platform to unlock the best AI computing, from the edge to the cloud.
28
Country: USA | Funding: $62.9M
EnCharge AI delivers a battle-tested computing platform to unlock the best AI computing, from the edge to the cloud.
29
Country: Israel | Funding: $59.7M
NeuReality is a semiconductor start-up that designs AI-as-a-service infrastructure.
30
Country: USA | Funding: $54M
Built around a patented Polymorphic Dataflow Architecture, supported by a comprehensive SDK, Kinara Ara Edge AI processors accelerate and optimize real-time decision making for unrivaled edge AI solutions. Our Ara AI accelerators power smart edge devices and gateways that demand responsive AI computing with optimal energy efficiency.
31
Country: USA | Funding: $48M
Axiado Corporation is a security processor company redefining hardware root of trust with hardware-based security technologies, including per-system AI.
32
Country: Japan | Funding: ¥5B
LeapMind is carrying out research on original chip architectures in order to implement Neural Networks on a circuit with low power.
33
Country: USA | Funding: $40.2M
Rain Neuromorphics builds artificial intelligence processors, inspired by the brain.
34
Country: USA | Funding: $27.8M
Leading provider of software and hardware accelerated solutions for Advanced Artificial Intelligence and Machine Learning applications.
35
Country: USA | Funding: $25.3M
Moffett AI is building the world’s next generation AI computation platform, from ground up.
36
Country: UAE | Funding: $11.7M
Solidus Ai Tech provides AI Marketplace (a platform for users and developers to leverage AI solutions) and Compute Marketplace (that offers unparalleled computing power, utilizing a state-of-the-art HPC Data Center in Europe).
37
Country: Singapore | Funding: $11M
Cortical Labs is a biological computing startup that is revolutionizing computing by integrating living neurons into chips.
38
Country: USA | Funding: $10M
Ambient Scientific is a leading developer of industry’s lowest power programmable AI processors designed to address the explosive demand for Inference and Training in endpoint, edge and Battery-operated AI devices giving both connected and unconnected devices and appliances their own personalities. Ambient’s AI processor and microcontroller products and software libraries are designed to bring a plethora of exciting new innovative products to the market quickly.
39
Country: Italy | Funding: €8.1M
Ephos makes photonic chips, which use light instead of electricity, which means faster chips that generate less heat. Such technology is seen as having important applications in quantum computing and in reducing electricity costs in the data centres that are needed for AI.
40
Country: Taiwan | Funding: $7M
eYs3D offers silicon based solutions for A.I./M.L. Vision. symbiosis of Cloud-Edge & End-Point, Silicon & Microsystems.
41
Country: USA | Funding: $6M
Adapteva is a fabless semiconductor company focusing on low power multi-core microprocessor designs.
42
Country: USA
Boulder AI helps companies use computer vision and artificial intelligence to solve problems. With experience in AI software development, AI hardware design and manufacturing, and AI vision systems design and implementation, we provide technical know-how and services to businesses that want to “see.”
43
Country: Serbia | Funding: $2M
Anari AI is building the AI hardware industry from scratch by delivering a new way of designing and using AI chips.
44
Country: India
Dataoorts is specifically designed GPU Cloud for AI developers
Editor: Siddhant Patel
Siddhant Patel is a senior editor for AI-Startups. He is based out of India and has previously worked at publications including Huffington Post and The Next Web. Siddhant has a special interest in artificial intelligence and has spent a decade covering the rapidly-evolving business and technology of the industry. Siddhant graduated from the Indian Institute of Science (Bengaluru). When he’s not writing, Siddhant is also a developer and has a deep historical knowledge of the computer industry for the past 50 years. You can contact Siddhant at sidpatel(at)ai-startups(dot)org