Expedera Secures US$20 Million for Edge AI Innovation

The latest funding round for Expedera, a leading provider of edge AI accelerator IP, was recently completed with Indie Semiconductor taking the lead. Both existing and new investors participated in the round, further solidifying Expedera's position in the market. While Indie's support for Expedera was previously announced, the exact size of the investment had not been disclosed until now. With this latest injection of funds, Expedera's total funding has now surpassed US$47 million.

"Expedera has quickly emerged as the market leader in enabling edge inference with its Origin NPU IP," stated Donald McClymont, co-founder and CEO of Indie Semiconductor. McClymont will also be joining Expedera as an incoming non-executive director, bringing his expertise and insights to the company's board.

One of Expedera's key offerings is its Origin NPU intellectual property, which was introduced in 2021. This innovative technology is capable of scaling to a performance of 128 TOPS within a single engine and has already been integrated into over 10 million chips. The company has secured production license contracts with multiple smartphone OEMs as well as various automotive, AR/VR/MR, and consumer device chipset manufacturers.

For more information about Expedera and its cutting-edge AI solutions, visit their official website at www.experdera.com.

In a related development, Indie Semiconductor's backing of Expedera for ADAS chips has been a significant driver of the company's recent success. The strategic partnership between the two firms has enabled Expedera to further enhance its offerings and expand its reach in the competitive AI accelerator IP market.