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Venture Capital News: Efficient Computer Emerges With $16M

2024-03-07
PITTSBURGH, PA, Efficient Computer emerged from stealth today with $16 million in seed financing.
Efficient Computer emerged from stealth today, introducing a new computer processor that is up to 100x more energy efficient than leading general-purpose CPUs on the market today. With a $16 million seed funding round led by Eclipse, Efficient has created a transformative computer architecture and software stack that delivers unprecedented levels of energy efficiency. The introduction of Efficient's processor marks the beginning of a new era of general-purpose edge computing that frees a wide range of applications from restrictive energy limitations. The technology enables a quantum leap in device capabilities and battery lifetime, unleashing a wave of innovations in devices and applications across the Internet of Things, wearable and implantable health devices, space systems, and security and defense.

Efficient has created a transformative computer architecture and software stack that delivers unprecedented levels of energy efficiency. Combining software with hardware, this novel processor technology is up to 100X more energy-efficient than leading general-purpose embedded processors. The Efficient processor is ideal for edge computing devices and applications across industries, including the Internet of Things, wearable and implantable health devices, space systems, and security and defense, where power restrictions have often limited both capabilities and value. Efficient is founded by a renowned team who have a wide range of expertise areas - from professors and PhDs at Carnegie Mellon University, to startup veterans.
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