Efficient Computer raises $100M at $650M valuation
Efficient Computer raised $100 million in additional financing led by TQ Ventures at a reported $650 million valuation.
Eclipse, Union Square Ventures, Giant Ventures, Triatomic Capital, TO Capital, TF Capital, Mana Ventures, Toyota Ventures, Overmatch and Borderless also participated.
The September round will support higher chip shipments through the following year. The company is already shipping initial processors for drones and small robots, following its February Series A.
Use of funds
Increase chip shipments through next year