Efficient Computer

Assembly Line

Chip startup Efficient Computer raises $16 million led by Eclipse

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Efficient Computer, Eclipse Ventures, Carnegie Mellon

Chip startup Efficient Computer said on Thursday it had raised $16 million in a seed funding round led by Silicon Valley venture capital firm Eclipse to help fund work on its low-power chip designs. Pittsburgh-based Efficient developed a new design, or architecture, for its chips that focuses on producing processors that use the least possible amount of energy. Called Fabric, the architecture was developed by Efficient’s founding team over seven years at Carnegie Mellon University.

Efficient has built a test chip called Monza and plans to use the funding help with research and development, and go-to-market to begin to sell chips. The company will market the chips to customers in industries such as health devices, civil infrastructure monitoring, satellites, defense and security. Devices running on chips that use a tiny amount of power will last longer in the field without the need for replacement power.

Read more at Reuters