What is Mythic?
Mythic is revolutionizing accelerated computing through its innovative Analog Processing Units (APUs). This fundamentally different approach to AI inference integrates compute and memory onto a single plane, effectively collapsing the traditional separation. By addressing and overcoming the energy inefficiencies inherent in digital architectures, Mythic's APUs offer a substantial leap in performance-per-watt. This breakthrough is poised to impact a wide range of applications, from edge devices and autonomous systems to large-scale data centers, marking a significant advancement in the field of artificial intelligence and high-performance computing.
How much funding has Mythic raised?
Mythic has raised a total of $257.3M across 8 funding rounds:
Private Equity
$6.3M
Debt
$3M
Series A
$9M
Series B
$30M
Debt
$1M
Series C
$70M
Other Financing Round
$13M
Other Financing Round
$125M
Private Equity (2016): $6.3M, investors not publicly disclosed
Debt (2016): $3M, investors not publicly disclosed
Series A (2017): $9M supported by Data Collective, DFJ, Lux Capital, and AME Cloud Ventures
Series B (2019): $30M featuring Future Ventures, Valor Equity Partners, Micron Ventures, Lam Research, and Atreides
Debt (2020): $1M backed by PPP
Series C (2021): $70M with participation from BlackRock, Hewlett Packard Pathfinder, and Cirrus Logic
Other Financing Round (2023): $13M led by DCVC Management, Catapult Ventures, Atreides Management, and Lux Capital
Other Financing Round (2025): $125M supported by DCVC Management, Honda Motor, New Enterprise Associates, Atreides Management, LOCKHEED MARTIN, and SoftBank Group
Key Investors in Mythic
DCVC Management
DCVC is a deep tech venture capital firm that invests in entrepreneurs tackling some of the world's most challenging problems. The company focuses on leveraging artificial intelligence to unlock potential across various sectors, including energy, biotechnology, and agriculture.
Honda Motor
Honda Motor Co., Ltd. is a Japanese public multinational conglomerate manufacturer of automobiles, motorcycles, and battery-powered equipment. Founded in October 1946 by Soichiro Honda and headquartered in Minato, Tokyo, Japan.
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California. New Enterprise Associates(NEA) is a venture capital firm focused on helping entrepreneurs build businesses.
What's next for Mythic?
The substantial enterprise-level funding and recent strategic investment signal Mythic's transition into a scaling phase, likely focusing on expanding its market reach and further developing its APU technology for broader commercial adoption. The company's focus on overcoming energy bottlenecks in AI inference positions it as a key player in the burgeoning deep tech sector. Future growth will likely involve strategic partnerships and continued innovation to solidify its position in the competitive AI hardware landscape.
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