What is Mythic?
Mythic is redefining the landscape of accelerated computing through its innovative Analog Processing Units (APUs). Unlike traditional digital architectures that suffer from the von Neumann bottleneck, Mythic's approach collapses compute and memory into a single plane, enabling high-performance AI inference with exceptional power efficiency. This technological breakthrough positions the company as a critical player in the edge AI ecosystem, where power-per-watt metrics are paramount. By delivering hardware that supports complex neural networks on low-power devices, Mythic is facilitating the next generation of intelligent, autonomous, and connected systems.
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 AME Cloud Ventures, Lux Capital, Data Collective, and DFJ
Series B (2019): $30M featuring Atreides, Valor Equity Partners, Micron Ventures, Lam Research, and Future Ventures
Debt (2020): $1M backed by PPP
Series C (2021): $70M with participation from Cirrus Logic, Hewlett Packard Pathfinder, and BlackRock
Other Financing Round (2023): $13M led by DCVC Management, Atreides Management, Lux Capital, and Catapult Ventures
Other Financing Round (2025): $125M supported by LOCKHEED MARTIN, SoftBank Group, Honda Motor, New Enterprise Associates, Atreides Management, and DCVC Management
Key Investors in Mythic
LOCKHEED MARTIN
A global aerospace and defense leader that develops advanced technology systems, providing strategic support for mission-critical hardware applications.
SoftBank Group
A global technology holding company that invests in transformative AI, robotics, and semiconductor technologies to drive the next phase of the information revolution.
New Enterprise Associates
A prominent venture capital firm with a long history of partnering with entrepreneurs to build large-scale, industry-defining technology businesses.
What's next for Mythic?
With this latest capital injection, Mythic is well-positioned to accelerate its commercialization strategy and deepen its integration within industrial and defense sectors. The company's focus will likely shift toward scaling its manufacturing capabilities and expanding its software ecosystem to support a broader range of AI models. Given the strategic nature of its recent backing from major aerospace and technology conglomerates, Mythic is poised to transition from a high-growth startup to a foundational provider of edge intelligence, potentially setting new industry standards for energy-efficient AI deployment in mission-critical applications.
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