Mythic's existing investors Atreides Management, DCVC, and Lux Capital contributed to the round, along with new investors Catapult Ventures and Hermann Hauser Investment (which is led by Hermann Hauser, one of the founders of Acorn Computers and the father of ARM semiconductors). Mythic also announced the appointment of its new CEO Dave Fick, who co-founded the company and previously served as CTO.

Mythic has developed a unified hardware and software platform featuring its unique Mythic Analog Compute Engine (Mythic ACE™) to deliver revolutionary power, cost, and performance that shatters digital barriers preventing AI innovation at the edge. The Mythic Analog Matrix Processor (Mythic AMP™) makes it much easier and more affordable to deploy powerful AI solutions, from the data center to the edge device.