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Mythic raises $70m Series C

Mythic raises $70m Series C Mythic, the analogue AI processor company, has completed a $70 million Series C funding round led by BlackRock and Hewlett Packard Enterprise (HPE). The Series C round brings Mythic’s total funding to $165.2 million. Mythic will use the new funding to accelerate plans for mass production of its AI inference devices and increase support for the company’s growing customer base, which spans across APAC, Europe and the U.S. Mythic will also use the money raised to develop its next generation hardware platform and build out its software portfolio. “Customers are finding that powerful AI leads to significant differentiation of their products, and our cost-effective solution lets them deploy AI at an unprecedented scale,” said Mike Henry, CEO, Co-founder, and Chairman of Mythic.

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