Tuesday, July 23, 2024
HomeFunding Canada-based Taalas Inc. Secures $50Million over Two Rounds of Funding

[Funding alert] Canada-based Taalas Inc. Secures $50Million over Two Rounds of Funding

Canada-based Taalas Inc. an innovator in AI and silicon is secures $50million over two rounds of funding led by Pierre Lamond and Quiet Capital.

Canada-based Taalas Inc. an innovator in AI and silicon is secures $50million over two rounds of funding led by Pierre Lamond and Quiet Capital.

Over the last year, AI has undergone a large scale productization and has already begun reshaping the world. Concurrently, deep learning models have become the world’s most demanding computational workload, unsustainably capital intensive, power hungry, and GPU constrained.

Ljubisa Bajic, Taalas’ CEO said, “Artificial intelligence is like electrical power – an essential good that will need to be made available to all. Commoditizing AI requires a 1000x improvement in computational power and efficiency, a goal that is unattainable via the current incremental approaches. The path forward is to realize that we should not be simulating intelligence on general purpose computers, but casting intelligence directly into silicon. Implementing deep learning models in silicon is the straightest path to sustainable AI,”.

Taalas is developing an automated flow for rapidly implementing all types of deep learning models (Transformers, SSMs, Diffusers, MoEs, etc.) in silicon.

Read also – CA-based MoeGo Secures $24Million in Series A Round Funding

Proprietary innovations enable one of its chips to hold an entire large AI model without requiring external memory. The efficiency of hard-wired computation enables a single chip to outperform a small GPU data center, opening the way to a 1000x improvement in the cost of AI.

Matt Humphrey, Partner at Quiet Capital said, “We believe the Taalas ‘direct-to-silicon’ foundry unlocks three fundamental breakthroughs: dramatically resetting the cost structure of AI today, viably enabling the next 10-100x growth in model size, and efficiently running powerful models locally on any consumer device. This is perhaps the most important mission in computing today for the future scalability of AI. And we are proud to support this remarkable n-of-1 team as they do it,”.

The company is taping out its first large language model chip in the third quarter of 2024 and planning to make it available to early customers in the first quarter of 2025.

Pierre Lamond said, “Making chips is a difficult and risky endeavour in which success requires experience, ingenuity, and persistence. Taalas’ founders have produced numerous cutting-edge chips and systems. Their track record in the industry is second to none,”, a legend in the field, whose work across Fairchild, National Semiconductor, Sequoia, and many other organizations, helped lay the foundation of the semiconductor industry.

About Taalas

Taalas was founded by Ljubisa Bajic, Drago Ignjatovic, and Lejla Bajic. Prior to co-founding Taalas, Ljubisa founded Tenstorrent in 2016. Drago and Lejla joined Tenstorrent soon after as early engineering leaders. The team has spent decades collectively working together on a long list of AI processors, GPUs, and CPUs across Tenstorrent, AMD, and NVIDIA.

Read also – CA-based Synctera Secures an $18.6Million in Series A-1 Extension to its 2021 Series A Funding

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