Wave investment tops $100m

Wave Computing, the edge computing start-up, has taken its VC funding tally to $117.3 million with its latest Series E round of $86 million which was, says Wave, oversubscribed.

Wave is one of a host of ‘neural’processor start-ups claiming to have a new way of processing large data-sets on-chip.

Wave calls its technology DataFlow and says it eliminates ‘the need for a host and co-processor in the processing of a neural network’.

This, says Wave, enables the tech ‘to exploit data and model parallelisms present in convolutional and recurrent neural networks to provide high-performance, high-efficiency training and inferencing computing solutions that scale for any implementation.’

Each Dataflow-based system for the datacentre and on-premise environments include, says Wave, ‘Dataflow Processing Units (DPUs) that contain more than 16,000 Processing Elements per chip, high-speed memories, terabytes of storage and the company’s full dataflow software stack: the WaveFlow SDK, the WaveFlow Agent Library, WaveFlow Execution Engine, and the Wave Machine Learning Framework Interface.’

Wave, which bought MIPS earlier this year, has the benefit of a remarkable chairman – Diosdado Banatao – who, in the 1980s, was involved in three notable start-ups: Seeq, Chips & Technologies and S3.

After that he turned to the VC world and became an investor.