SoftBank leads Mythic series B round

Mar 22, 2018 • Robert Lavine

AI chip developer Mythic has closed a $40m round led by SoftBank Ventures that included another corporate venturing unit, Lockheed Martin Ventures.

SoftBank Ventures, a corporate venturing subsidiary of telecommunications and internet group SoftBank, led a $40m series B round for US-based artificial intelligence microchip developer Mythic on Tuesday.

Lockheed Martin Ventures, the strategic investment arm of aerospace manufacturer Lockheed Martin, also participated in the round, as did venture capital firms DFJ, Lux Capital, Data Collective and AME Cloud Ventures, and angel investor Andy Bechtolsheim.

Mythic has built an artificial intelligence and core compute-in-memory technology-equipped platform that can combine hardware and software…

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