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HPC/datacenter infrastructure software company ThinCI secures $65M in Series C funding.

Validates market opportunity for AI infrastructure optimization and management software.
Trade pressSlicast · September 5, 2018 · Global · Source: finsmes.com
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ThinCI Inc., an El Dorado Hills, Calif.-based AI hardware startup developing computing platforms for the expanding AI/Machine Learning market, closed its $65M Series C funding round. The company will use the funds to continue to expand operations.

The round was led by returning investor DENSO and its subsidiary NSITEXE, Inc., a developer of semiconductor components enabling automated driving. Additional funding came from Temasek, GGV Capital, Wavemaker Partners, SG Innovate, and Mirai Creation Fund. In conjunction with the funding, Kheng Nam Lee, Deputy Chairman of Vertex Holdings and Venture Partner at GGV Capital, will join the ThinCI board of directors.

Led by CEO Dinakar Munagala, ThinCI is an Artificial Intelligence computing architecture startup. The company has developed a Graph Streaming Processor (GSP) and Software Development Kit (SDK) that constitute a general purpose fully programmable computing architecture designed to accelerate and optimize Artificial Intelligence and Computer Vision workloads including machine learning, deep learning, and neural networks.

The company's technology targets data center servers, edge infrastructure platforms, and client platforms across a range of applications from massive machine learning farms to sensor fusion and advanced neural networks for autonomous driving. ThinCI operates teams in California, Hyderabad, India, and the UK.

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HPC/datacenter infrastructure software company… · Slicast