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I would love to see them succeed. It’s going to be an uphill battle at this point. “Mythic…ran out of cash last year and was nearly forced to halt operations…
by WhitneyLand 3y ago
I would love to see them succeed. It’s going to be an uphill battle at this point.
“Mythic…ran out of cash last year and was nearly forced to halt operations…it managed to bring in a relatively modest $13 million investment several months later in March” (2023)
https://www.reuters./technology/nvidias-dominance-ai-chips-deters-funding-startups-2023-09-11/ https://www.reuters./technology/nvidias-dominance-ai-chips-d...
- arbuge 3y agoThat is tough. $13m doesn't go all that far in this business. Speaking from experience... Hopefully they have some kind of revenue coming in because it really looks like they're doing some interesting work.
- mwbajor 3y agoInvestors hate hardware development, there's no appetite for risk.
- crotchfire 3y agoInvestors hate hardware because they've been crowded out by the fabs. Fabs no longer think of design creators as their customers. They think of design creators as their portfolio companies. The fab invests in them: not cash, but rather production capacity. Unless you are Apple/Nvidia/Broadcom/Qualcomm-sized, the fabs do not consider you to be a customer. They will pressure you, hard, to take on a "design partner" like Broadcom, and to become that company's customer. The fabs are not particularly interested in having you pay them. At best they might be interested in having you pay the bigger fish (GUC, Synopsys, etc) who are the fab's true customers. Having the fabs behave like equity investors has, unfortunately, crowded out all of the real equity investors.