Hardware design startup RaiderChip, situated in Solares, Spain, has secured €1 million in seed money.
The backers were kept a secret.
Use of funds
The money will be used by the business to promote its AI acceleration engine and to carry out further operations expansion.
About RaiderChip
Led by Victor Lopez, RaiderChip was established as a spin-off from VISENGI with the goal of advancing artificial intelligence on FPGA platforms via the development of IP core hardware solutions. Because of its efficiency, it can provide acceleration just locally, on inexpensive devices, and without requiring a membership. The Microsoft Phi-2 Small Language Model is supported by the GenAI v1, which is designed to function both completely autonomously and embeddedly. For more extensive and sophisticated applications, the Meta Llama-2 and Llama-3 Large Language Models are used.
