Eliyan, a startup that aims to ease the bottlenecks in transferring data between AI chips in data centers, said on Wednesday it had raised $145 million in venture funding at a $1 billion valuation.
Technology Development
The startup is developing technology aimed at the growing list of companies that are developing their own custom AI computing chips to compete with graphics processing units from Nvidia and Advanced Micro Devices.
Most AI chips today face the same basic problem: They can process data much faster than they can send or receive it, which leaves pricey chips waiting and idle. Eliyan CEO and co-founder Ramin Farjadrad said the company is solving that problem.
Eliyan aims to offer an independent option, both licensing its technology and providing pieces of a chip called “chiplets” that companies making custom processors can integrate into their own designs.
Patrick Soheili, Eliyan’s chief strategy and business officer, said the company expects to start initial shipments of chiplets this year and forecasts hundreds of millions of dollars in sales by the end of 2027.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
