Mythic, an AI chip developer that emerged out of UM, has closed a $40m round led by SoftBank Ventures that included another corporate venturing unit, Lockheed Martin Ventures.
Mythic, a US-based artificial intelligence microchip developer that emerged out of University of Michigan, raised $40m in a series B round on Tuesday led by SoftBank Ventures, an investment subsidiary of telecoms group SoftBank.
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…
