By Stephen Nellis
SAN FRANCISCO, July 29 (Reuters) - 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.
Cisco Systems, Lumentum and an early investor in networking pioneer Mellanox before its sale to Nvidia backed the raising, according to Santa Clara, California-based Eliyan.
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.
Regardless of who makes them, 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.
#NVIDIA
SAN FRANCISCO, July 29 (Reuters) - 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.
Cisco Systems, Lumentum and an early investor in networking pioneer Mellanox before its sale to Nvidia backed the raising, according to Santa Clara, California-based Eliyan.
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.
Regardless of who makes them, 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.
#NVIDIA
2 months ago
