Briefing

Lemurian Labs raises US$9M to improve AI computing power

The semiconductor and software company, which is located in Toronto and Menlo Park, Calif., announced the seed funding round led by Oval Park Capital earlier this week. Good Growth Capital, Raptor Group, Alumni Ventures and other investors also participated. (The Logic)

Briefing

Lemurian Labs raises US$9M to improve AI computing power

By Anita Balakrishnan

Oct 6, 2023

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Talking point: AI chipmaker Nvidia is among the world’s handful of trillion-dollar companies, and now other AI hardware companies like Lemurian are attracting investor interest. Lemurian is looking to push the limits of AI computing, telling TechCrunch that it has a different mathematical approach that is customized for AI, compared to more general-purpose graphics processors that are popular today. In the second quarter of the year, Canadian AI companies raised about US$546 million, up from about US$462 million a year earlier, per PitchBook, amid hype for the technology.

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