Israeli Chip Startup Speedata Raises $44M To Challenge Nvidia's AI Dominance With 280x Faster Analytics Processor
Israeli chip startup Speedata has secured a $44 million Series B round, bringing its total funding to $114 million as it prepares to unveil a next-generation processor that may challenge Nvidia‘s (NASDAQ:NVDA) dominance in AI and big data computing, TechCrunch reports. The round was led by existing investors, including Walden Catalyst Ventures, 83North, Koch Disruptive Technologies, Pitango First, and Viola Ventures, according to TechCrunch. Strategic backers include Intel (NASDAQ:INTC) CEO Lip-