ISAs are a technical spec at the foundation of every chip, describing how software controls the chip’s hardware.
In addition to building the chip, Rivos is working on self-contained data center hardware based on the Open Compute Project modular standard, which will effectively serve as plug-and-play chip housing.
Startups by the dozens, meanwhile, are angling for a slice of a custom data center chip market that could reach $10 billion this year and double by 2025.
Habana Labs, the Intel-owned AI chip company, laid off an estimated 10% of its workforce last year.
Kumar wouldn’t talk about customers, and Rivos’ chip isn’t anticipated to reach mass production until sometime next year.
After leaving Nvidia in 2010, Kumar pivoted to cybersecurity, eventually co-founding Fortanix, a cloud data security platform.
Leveraging AI, Simbian can automatically orchestrate and operate existing security tools, finding the right configurations for each product by taking into account a company’s priorities and thresholds for security, informed by their business requirements.
A separate study found that organizations now juggle on average 76 different security tools, leading IT teams and leaders to feel overwhelmed.
In addition to automatically configuring a company’s security tools, the Simbian platform attempts to respond to “security events” by letting customers steer security while taking care of lower-level details.
But that assumes Simbian’s AI doesn’t make mistakes, a tall order, given that it’s well established that AI is error-prone.
Full Glass Wine, a brand acquisition management startup that specializes in acquiring wine marketplaces, has raised $14 million in a Series A round to continue acquiring DTC (direct-to-consumer) wine marketplaces, aiming to lead the DTC wine market.
The deal is Full Glass Wine’s third acquisition in a year and will enable the startup to expand its subscription-based model.
DTC wine brands sell wine directly to wine lovers, bypassing traditional distribution channels“By uniting Winc, Wine Insiders, and Bright Cellars, we offer a one-stop shop for all things wine, catering to a wider range of wine drinkers than most traditional retailers, grocers, or single-brand DTC companies,” Neha Kumar, co-founder and COO of Full Glass Wine, told TechCrunch.
“However, there are also some misconceptions consumers might have about DTC wine.
“We’re looking at a total of at least a few dozen employees now at Full Glass Wine,” Kumar said.
Clumio, a data backup and recovery provider for companies using the public cloud, has raised $75 million in a Series D round of funding.
‘live”) data and backup data in separate secure domains, something that many backup solutions (including first-party from the cloud providers themselves) don’t do.
Indeed, Clumio stores its backup data in what Kumar calls a “hyper-optimized data plane” on AWS.
“We leverage our serverless data processing engine in AWS to perform all core backup operations using.
Prior to now, the company had raised around $186 million, the lion’s share arriving via a $135 million Series C round more than four years ago.
Fintech company Kashable is the latest to also grab some venture capital attention for its approach to offering credit and financial wellness products as an employer-sponsored voluntary benefit.
In total, the company raised $45 million in equity capital and over $175 million in debt capital.
Financial wellness is one of the areas many of the startups get into.
“When we first started our journey in 2013, financial wellness was just an emerging concept,” Kumar told TechCrunch.
In addition, Kashable offers financial education resources, including credit monitoring, individual financial coaching and budgeting tools.
