Takeaways by Saasverse AI
- Mythic | Oversubscribed $125M Funding | Analog Processing Units (APUs) | AI Hardware and Energy Efficiency
- Led by DCVC, with participation from NEA, Future Ventures, Softbank KR, Honda Motors, and Lockheed Martin, among others.
- Targeting AI energy crisis with 100x efficiency compared to GPUs, Mythic aims to redefine computing for data centers, robotics, automotive, and defense.
Mythic, a leader in analog-based AI computing, has raised an impressive $125 million in an oversubscribed funding round, signaling a transformative shift in the race for energy-efficient AI hardware. The round was spearheaded by deep-tech venture capital firm DCVC, with contributions from a consortium of top-tier investors including NEA, Future Ventures, Softbank KR, and industry heavyweights Honda Motors and Lockheed Martin. This funding marks a pivotal moment for Mythic as it accelerates the commercialization of its Analog Processing Units (APUs), a breakthrough technology designed to tackle AI's energy crisis.
The Palo Alto-based company has developed an architecture that is 100 times more energy-efficient than the leading GPUs, which currently dominate AI workloads but face an insurmountable "power wall." Unlike the traditional Von Neumann architecture, Mythic’s APUs integrate memory and compute into a single plane, mimicking the human brain to achieve unparalleled energy efficiency. This innovation addresses the growing energy demands of AI, which are projected to consume 10% of the U.S. power grid by the end of the decade.
Mythic's analog computing silicon, already validated by major players in the automotive and defense sectors, promises to transform trillion-dollar industries. The company’s APUs are capable of supporting AI models with over 1 trillion parameters, drastically reducing costs and latency while delivering exceptional throughput. For example, internal benchmarks show that Mythic APUs can process 750 times more tokens per second per watt compared to NVIDIA's top-tier GPUs for large language models (LLMs).
Under the leadership of CEO Dr. Taner Ozcelik, a former NVIDIA executive, Mythic has undergone a comprehensive reinvention, revamping its architecture, software, and strategy. This progress, combined with the new funding, positions the company to dominate key markets, including data centers, robotics, automotive, and defense. Mythic is also advancing its software capabilities through its CAMP SDK, which supports popular frameworks like PyTorch and TensorFlow, enabling seamless integration with existing AI workflows.
“ Mythic's technology is a game-changer in the AI hardware space, addressing the critical energy bottlenecks that have plagued the industry. By achieving 100x energy efficiency over GPUs, Mythic is not only solving a technical challenge but also redefining the economic and environmental sustainability of AI computing. This funding round underscores the confidence investors have in Mythic’s vision and execution. ” Saasverse Analyst comments
Saasverse Insights
The $125 million raise reflects a growing acknowledgment of the energy challenges posed by AI and the need for disruptive solutions. Mythic is uniquely positioned to lead the emerging wave of analog computing, which could become a cornerstone technology in the AI, SaaS, and Cloud ecosystem. With its focus on energy efficiency, cost-effectiveness, and scalability, Mythic’s APUs could set a new standard for AI workloads, opening doors for sustainable innovation across industries. This is a space to watch as it could redefine the competitive landscape of AI hardware in the coming years.