Global Hands-On VC Invests in EdgeCortix, Japan-based Edge AI Fabless Semiconductor Company

Global Hands-On VC starts its mission to provide hands-on support to help startups go global.

 Global Hands-On VC has co-led a $20 million financing round in EdgeCortix, a Japan-based edge artificial intelligence (AI) fabless semiconductor development and design company. The investment was made from its first fund, GHOVC Fund I Investment Limited Partnership (“GHOVC Fund I”) managed by GHOVC. Funds managed by SBI Investment Corporation (co-lead investor) and Renesas Electronics Corporation also participated in this round. GHOVC will provide not only financial support, it will also provide management support to help accelerate EdgCortix’s growth as it expands its business within Japan and globally.

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EdgeCortix was founded by Dr. Sakyasingha Dasgupta on the groundbreaking idea of creating a high-speed yet very low-power, flexible edge AI-focused processor with a radical software-first approach. Today, the company’s suite of proprietary software and AI chip products accelerate AI inference tasks for computer vision, natural language processing and generative AI applications, at very low power, low latency and best-in-class energy-efficiency, across the complex world of systems operating outside of typical data centers, colloquially called “the edge”.

Shri Dodani, Founder & Managing Partner of GHOVC, will join EdgeCortix’s Board of Directors and provide hands-on support to help the company expand sales of its products and services into global markets. Shri is a serial entrepreneur who has started and led six successful technology companies in Silicon Valley.

“We are delighted to welcome both the GHOVC investment as well as their experienced team to the EdgeCortix family, we are also very pleased to have industry veteran Shri Dodani join the Board of Directors of EdgeCortix.”, said Sakyasingha Dasgupta, CEO and Founder of EdgeCortix, “We anticipate that given GHOVC’s deep collective history in the semiconductor space that they are well positioned to deliver significant value to EdgeCortix as we look to expand our sales, marketing and operational efforts on a global scale.”

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“I am very pleased that GHOVC Fund I has decided to make its first investment in EdgeCortix. We have seen the boom and excitement in AI technology a few times, and each previous time, it has ended mainly at the laboratory level or as an experiment that was far from being put to practical use. With the release of Chat GPT last year, AI has now quickly been recognized as a technology that has immediate potential for solving practical, current business problems across numerous industries.” said Shri Dodani, Founder and Managing Partner of GHOVC.  “This new generation of AI is still in its infancy, there is significant opportunity for innovation in terms of energy efficiency, cost effectiveness, and ease of use at each end point. Accelerator Processing Units that implement ELMs (Efficient Language Models™)^[1], i.e., low-power and low-cost AI processors that can support the latest frameworks in AI will shortly be required to perform outside the datacenter where the information is created and captured – at the ‘edge. EdgeCortix has the intellectual property, technology, team and know-how to bring innovative developments in this area and deliver value to businesses looking to leverage AI. I look forward to contributing to EdgeCortix’s corporate development through my own experience in the semiconductor industry and GHOVC’s hands-on support capabilities.”

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