AI chip startup Mythic rises from the ashes with $13M, new CEO

Mythic, an AI chip startup that last November reportedly ran out of capital, rose from the ashes today with an unexpected injection of fresh funds.
Mythic this morning announced that it closed a $13 million financing round led by existing investors Atreides Management, DCVC and Lux Capital alongside new investors Catapult Ventures and Hermann Hauser Investment. While the tranche is a fraction of the startup’s previous raise ($70 million), Mythic claims that the tranche will enable it to bring its “next-generation” product — an improved energy-efficient AI processor R

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