PITTSBURGH — September 2, 2020
Aspinity, a pioneer in ultra-low-power analog machine learning processors, today announced that it has raised $5.3 million in Series A funding led by Anzu Partners, a venture capital and private equity firm focused on breakthrough industrial technologies. Other participating investors in this round include Amazon's Alexa Fund, Birchmere Ventures, Mountain State Capital and Riverfront Ventures.
Founded in 2015, Aspinity leverages a unique class of machine learning enabled by proprietary analog circuit technologies to dramatically improve battery life in smart electronic devices that are always on and always sensing the environment for acoustic, vibrational, or other ambient triggers.
“In 2017, we welcomed Aspinity to the inaugural Alexa Accelerator program, powered by Techstars, which was created to advance Alexa in voice-enabled devices,” said Paul Bernard, director, Amazon Alexa Fund. “We joined their 2018 seed round and are investing again today to help Aspinity advance its distinctive method for improving the battery life in portable Alexa devices.”
The new funding is intended to accelerate Aspinity's product roadmap, enhance the technical and partner support teams, and scale volume production to meet customer demand. In related news, Aspinity announced the expansion of its board of directors with the appointment of Dr. Jimmy Kan, principal at Anzu Partners.
About Aspinity — Aspinity is the world leader in the design and development of analog processing chips that enable near-zero power AI systems. Aspinity's analog computing technology brings the versatility, performance, and consistency of digital neural processing into the lower-power analog domain to achieve the efficiency required for sophisticated AI at the edge.
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