Extropic
Extropic is pioneering physics-based computing, developing novel chips and algorithms that leverage out-of-equilibrium thermodynamics for highly efficient generative AI. Their approach aims to overcome limitations of current digital hardware by physically accelerating probabilistic algorithms, unlocking a new regime of AI acceleration. The company has created a superconducting prototype processor and is developing room-temperature semiconductor-based devices.
Buy Funded Startups lists
Funding Round: Seed
Funding Amount: $14.1M
Date: 15-Mar-2024
Investors: Kindred Ventures, Buckley Ventures, HOF Capital, Julian Capital, Marque VC, OSS Capital, Valor Equity Partners, Weekend Fund, Aidan Gomez (Cohere), Amjad Masad (Replit), Arash Ferdowsi (Dropbox), Balaji Srinivasan (Coinbase), Garry Tan (YC), Naval Ravikant, Scott Belsky (Adobe), Tobias Lutke (Shopify)
Markets: AI, Hardware, Artificial Intelligence (AI), Hardware, Semiconductor, Software Development Applications, Business/Productivity Software, Computers, Parts and Peripherals, Automation/Workflow Software
HQ: Austin, Texas, United States
Founded: 2022
Website: https://www.extropic.ai/
LinkedIn: https://www.linkedin.com/company/extropic-ai
Twitter: https://twitter.com/Extropic_AI
Crunchbase: https://www.crunchbase.com/organization/extropic-ai
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