Nscale, a startup founded by former engineers from Apple and Google, has raised $53 million in Series A funding to develop AI supercomputer chips that can compete with offerings from Nvidia and AMD. The funding round was led by Founders Fund and included participation from Khosla Ventures, Mayfield, and several individual investors. Nscale aims to build high-performance, energy-efficient chips for AI workloads using a novel architecture that combines CPUs and GPUs on a single chip. The company believes its approach can deliver better performance and efficiency than traditional GPU-based systems. Nscale’s founders, Naveen Rao and Srinivas Kodali, have extensive experience in chip design and AI from their time at Apple and Google. The startup plans to use the funding to expand its engineering team and accelerate the development of its first chip, which is expected to be released in 2024.
Source: https://www.businessinsider.com/nscale-raises-series-a-funding-memo-hyperscaler-ai-gpu-2024-12