AI Hardware Company Cysic Secures $12 Million in Pre-A Funding

IconCryptoNewsTerminal Staff24 May, 2024

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AI Hardware Company Cysic Secures $12 Million in Pre-A Funding

AI hardware solution provider Cysic has closed a Pre-A round of funding, raising $12 million. The round was led by HashKey Capital and OKX Ventures. The funds will be used to accelerate the development of Cysic's AI hardware solutions, including its flagship product, the "Nano" series of AI accelerators. Cysic's AI hardware solutions are designed to address the growing demand for high-performance, energy-efficient computing power in AI applications such as computer vision, natural language processing, and machine learning. The company's technology has been deployed in a variety of industries, including smart cities, autonomous driving, and healthcare. Cysic's customers include leading technology companies such as Huawei, Tencent, and Alibaba. With this new funding, Cysic is well-positioned to continue its growth and expand its market reach. The company is also planning to explore new applications for its AI hardware solutions in emerging areas such as Web3 and the metaverse.

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