Mythic

Develops power-efficient AI processors for edge devices

Austin, Texas, United States

Visit Website View Jobs

About Mythic

Mythic develops Analog Matrix Processors for edge AI applications, focusing on power efficiency and high performance. Their main product, the M1076 Analog Matrix Processor, can perform up to 25 Tera Operations Per Second (TOPS), making it ideal for demanding edge AI tasks. They also offer the MP10304 Quad AMP PCIe card to boost AI inference capabilities for edge devices and servers. Unlike many competitors, Mythic emphasizes power-efficient solutions that cater to clients needing advanced data processing. The company's goal is to provide high-performance AI processing that meets the needs of tech companies and businesses reliant on AI applications.

Austin, TexasHeadquarters
2012Year Founded
$160.9MTotal Funding
LATE_VCCompany Stage
Data & Analytics, AI & Machine LearningIndustries
51-200Employees

Benefits

Every day is casual Friday!
Commuter: Caltrain & MetroRail passes. Scooter, Bike, Public Transit and Parking Stipend
Dog-Friendly in Austin office
$500 annual education benefit for conferences, classes or purchase of books
HSA/FSA: Mythic contributes $750 for single and $2000 for family per year if you enroll in high deductible plan
We pay 100% of employee premiums and 70% of dependent premiums
Flexible PTO and WFH
$150 quarterly wellness benefit

Risks

Increased competition from established semiconductor companies threatens Mythic's market share.
Supply chain constraints may lead to production bottlenecks for Mythic.
Dependence on a few key clients poses financial risks for Mythic.

Differentiation

Mythic's analog matrix processors offer unique compute-in-memory technology for edge AI.
Their M1076 processor delivers up to 25 TOPS, ideal for high-end applications.
Mythic focuses on power-efficient AI solutions, crucial for edge devices and servers.

Upsides

Growing edge AI demand boosts need for Mythic's power-efficient processors.
AI democratization trends align with Mythic's cost-effective hardware solutions.
IoT applications create opportunities for Mythic's specialized processors in constrained environments.

Funding

Total raised$160.92 M
Latest valuation$350.00 M
StageLATE_VC
LATE VC
2/28/2023
$13
$350.00 M
SERIES C
4/30/2021
$70
$350.00 M
SERIES B
5/31/2019
$30
$150.00 M
SERIES A
5/31/2017
$6
$30.00 M
SEED
3/31/2016
N/A
$2.50 M
GRANT
11/30/2014
N/A