Mythic

Mythic

Develops power-efficient AI processors for edge applications

About

Mythic develops Analog Matrix Processors for edge AI applications, focusing on power efficiency and high performance. Their main product, the M1076 Analog Matrix Processor, can perform up to 25 Tera Operations Per Second, making it ideal for demanding edge AI tasks. They also offer the MP10304 Quad AMP PCIe card to boost AI inference capabilities. Unlike many competitors, Mythic emphasizes low power consumption while maintaining high processing speeds, catering to tech companies and businesses that need efficient data processing solutions. The goal is to provide advanced AI processing technology that can operate effectively in real-world environments.

Company Stage

Late Stage VC

Employees

51-200

Industries

Data & Analytics, AI & Machine Learning

Total Funding

$160.9M

Headquarters

Austin, Texas

Founded

2012


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Simplify's Take

What believers are saying

  • Growing edge AI demand boosts need for Mythic's power-efficient processors.
  • AI democratization trends align with Mythic's cost-effective hardware solutions.
  • IoT applications create opportunities for Mythic's specialized processors in constrained environments.

What critics are saying

  • Increased competition from established semiconductor companies threatens Mythic's market share.
  • Supply chain constraints may lead to production bottlenecks for Mythic.
  • Dependence on a few key clients poses financial risks for Mythic.

What makes Mythic unique

  • Mythic's analog matrix processors offer unique compute-in-memory technology for edge AI.
  • Their M1076 processor delivers up to 25 TOPS, ideal for high-end applications.
  • Mythic focuses on power-efficient AI solutions, crucial for edge devices and servers.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-3%

2 year growth

-13%

Benefits

Every day is casual Friday!

Commuter: Caltrain & MetroRail passes. Scooter, Bike, Public Transit and Parking Stipend

Dog-Friendly in Austin office

$500 annual education benefit for conferences, classes or purchase of books

HSA/FSA: Mythic contributes $750 for single and $2000 for family per year if you enroll in high deductible plan

We pay 100% of employee premiums and 70% of dependent premiums

Flexible PTO and WFH

$150 quarterly wellness benefit

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