Mythic, an AI chip startup that ran out of capital in November, raised $13M from recurring investors Atreides Management, DCVC, and Lux Capital, among others.

 

Mythic, an AI chip startup that ran out of capital in November, raised $13M from recurring investors Atreides Management, DCVC, and Lux Capital, among others.   The company's previous round totaled $70M. Mythic works on a chip that stores analog values on flash transistors. The company appointed a new CEO, its former CTO Dave Fick, after co-founder Mike Henry left to pursue other interests. The startup plans to use the funds on go-to-market strategy and customer acquisition. The global venture equity for semiconductor startups dropped by 46% to $7.8B in 2022.