EnCharge AI, a pioneering developer of analog in-memory-computing AI chips, has successfully raised over $100 million in an oversubscribed Series B funding round. This latest investment brings the company’s total funding to more than $144 million, accelerating the commercialization of its client computing-focused AI accelerators. The company plans to launch its first products in 2025, marking a significant milestone in its mission to enhance AI efficiency and accessibility beyond traditional cloud-based solutions.

Strategic Backing and Industry Support

The funding round attracted a diverse mix of financial and strategic investors spanning multiple industries. New investors include Maverick Silicon, Capital TEN, SIP Global Partners, Zero Infinity Partners, and CTBC VC. Notable returning backers such as RTX Ventures, Anzu Partners, and Scout Ventures reinforce confidence in EnCharge AI’s pioneering technology.

Innovations in AI Hardware

EnCharge AI’s analog in-memory compute architecture drastically reduces the energy consumption of AI workloads. The company’s AI accelerators are designed to be up to 20 times more power-efficient than existing chips. This breakthrough has significant implications for industries such as consumer electronics, defense, and aerospace, where power and efficiency constraints are critical.

Expanding the AI Frontier

The company’s technology has attracted investment from semiconductor and consumer electronics giants like Samsung Ventures and HH-CTBC, a partnership between Foxconn and CTBC VC. Additionally, key defense-focused investors such as In-Q-Tel and RTX Ventures see immense potential for AI applications in security and aerospace. EnCharge AI’s solutions will broaden AI adoption beyond cloud environments, reaching edge devices and client systems.

With this fresh capital, EnCharge AI is accelerating its product roadmap, including the move to advanced technology nodes and expanded AI compute solutions. CEO Naveen Verma emphasized the company’s vision to make AI computing more sustainable and scalable. This funding marks a pivotal step in EnCharge AI’s journey to reshape the future of AI with groundbreaking efficiency and accessibility.