Mythic – The AI Chip Startup

Mythic, an AI chip startup, has recently announced that it’s closed a $13 million financing round led by existing investors Atreides Management, DCVC and Lux Capital alongside new investors Catapult Ventures and Hermann Hauser Investment. While the tranche is a fraction of the startup’s previous raise ($70 million), Mythic claims that the tranche will enable it to bring its “next-generation” product — an improved energy-efficient AI processor — to market.