Rapid Silicon, a provider of AI and intelligent edge-focused FPGAs based on open-source technology, announced its $30 million Series A Round.
Rapid Silicon has closed $15 million in funding from Cambium Capital and others, including all existing investors from its seed round. The second close is planned for Q1 2023.
Rapid Silicon will use this latest round of VC funding to further invest in Rapid Silicon’s product portfolio, support the launch of its low-end FPGA product, Gemini.
Gemini is a programmable logic device (PLD) that is power optimized for the massive sensor processing needs, tight thermal profiles, and shrinking form factors required by embedded and edge applications.
Rapid Silicon’s software, Raptor Design Suite, is the world’s first commercial FPGA EDA suite based on end-to-end open-source software. The Raptor Design Suite outperformed all leading EDA tools in the recent Ecole polytechnique federale de Lausanne (EPFL) Combinational Benchmark Suite competition.