TDK Ventures led a $110m Series B round in EdgeCortix.

TDK Ventures, a corporate venture capital firm, led a $110m Series B round in EdgeCortix, a fabless semiconductor company, with participation from CDIB Cross Border Innovation Fund II LP and Jane Street Global Trading. “The strong response to our Series B round from both existing and new investors reflects growing recognition of EdgeCortix as a global leader in energy-efficient AI processing. With this capital along with continued government and alternative financing, we are ramping up the production and sales of our SAKURA-II AI accelerator and reducing the time-to-market for our next-generation SAKURA-X chiplet platform, enabling high-performance, low-power AI inference across robotics, telecommunications, aerospace, space, defense, smart-infrastructure and industrial automation worldwide,” Sakyasingha Dasgupta, EdgeCortix Founder and CEO.