Mythic Secures $125 Million Funding Round Led by DCVC with Honda and Lockheed Martin
Mythic has secured $125 million in a funding round led by DCVC, with contributions from Honda Motors and Lockheed Martin. The company, which specializes in analog compute-in-memory technology, has undergone significant restructuring and leadership changes, aiming to enhance its product offerings, including next-generation chiplet-based products and a hybrid vision sensor with AI capabilities.
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Mythic raised $125 million in a funding round led by DCVC, with participation from Honda Motors and Lockheed Martin. Founded in 2012, Mythic specializes in analog compute-in-memory technology, utilizing Flash transistors for efficient AI inference.
The company restructured in 2022 after previous financial difficulties, appointing co-founder Dave Fick as CEO. In mid-2024, Taner Ozcelik, formerly of Nvidia and OnSemiconductor, became CEO, identifying and addressing 17 issues in the company's previous technology approach.
Mythic has released first-generation chips for video analytics and plans next-gen chiplet-based products aimed at various applications. The architecture will support advanced computations and a significant design for data center LLM inference was announced. The company is also developing a hybrid vision sensor with AI capabilities, slated for tape-out this year.
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