Femtosense, a San Bruno, CA-based edge AI innovator, announced an $8 million Series A funding round led by Fine Structures Ventures.
Other investors in this round include J2 Ventures, Quest Venture Partners, Amino Capital, Sand Hill Angels, Gaingels, and SV Pacific Ventures.
The funds will be used to accelerate the development and delivery of more efficient, lower-cost, and real-time artificial intelligence (AI) processing for valuable and affordable consumer electronics.
"AI has the potential to benefit us all but is too power-hungry and costly to deliver sophisticated applications outside of datacenters or flagship phones," said Femtosense CEO Sam Fok, Ph.D., who founded the company in 2018 along with fellow Stanford University Brains in Silicon Lab alumni. "We strip away the unnecessary work in AI to improve efficiency by orders of magnitude."
With this new funding and increasing interest from consumer electronics manufacturers and others, Femtosense's products are expected to arrive in Q4 2022, with volume production planned for 2023.
Company: Femtosense LLC
Raised: $8.0M
Round: Series A
Funding Month: September 2022
Lead Investors: Fine Structures Ventures
Additional Investors: J2 Ventures, Quest Venture Partners, Amino Capital, Sand Hill Angels, Gaingels, and SV Pacific Ventures
Company Website: https://femtosense.ai/
Software Category: Sparse AI Solution
About the Company: Founded in 2018, Femtosense is a Sparse AI Solution for the Real-Time Edge, bringing large-scale, real-time AI to the edge through sparse mathematics and processing. Leveraging sparse mathematics, Femtosense's AI processing enables audio and video applications such as noise suppression and speech enhancement technologies for hearing aids and earbuds, as well as other improvements for residential and commercial security, televisions, and even automotive vehicles. Femtosense's technology distills neuromorphic principles to bring the full potential of AI to key markets. The company's technology results from more than 50 years of cutting-edge research. Femtosense is located in California and has partners worldwide.
Source: https://www.businesswire.com/news/home/20220928005770/en/Edge-AI-Innovator-Femtosense-Raises-8-Million-Series-A-Funding