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Expedera Raises $20M Series B Funding Round Led By indie Semiconductor
Expedera Inc., a leading licensor of edge inference artificial intelligence (AI) semiconductor intellectual property (IP), announced it raised $20 million in Series B funding led by indie Semiconductor, with participation from prominent repeat and new industry investors. This investment, which includes converting a previous SAFE note, brings the company’s total funding to more than $47M. It will enable Expedera to advance its high-performance, energy-efficient Neural Processing Unit (NPU) IP products and services and expand its global engineering footprint.
Expedera made its mark on the AI industry when it introduced its Origin NPU IP in 2021. Origin IP scales to 128 TOPS with a single engine and features highly efficient processor utilization with market-leading low-power consumption while requiring minimal external memory bandwidth. Expedera has production license contracts with multiple smartphone OEMs and numerous automotive, AR/VR/MR, and consumer device chipset makers. Its Origin IP has been deployed in over 10M devices.