California-based Mythic, an artificial intelligence inference processor company, has raised $30 million in Series B-1 funding led by growth investment firm Valor Equity Partners.
The round also had participation from new investors, Future Ventures, Atreides, Micron Ventures, and Lam Research, and existing investors, SoftBank Ventures Asia among others.
With the new capital raised, Mythic intends to accelerate towards the market introduction of its inference processors.
The financing round brings the company's total Series B funding to $70 million.