India, April 11 -- Blumind, a pioneering developer of ultra-low-power analog AI chips for edge computing, announced the successful closing of a $20M CAD Series A funding round.

The investment is co-led by Cycle Capital and BDC Capital, with existing investors including Fusion Fund, Two Small Fish Ventures and Real Ventures joining the round. The company is maintaining the round open as it engages in active discussions with strategic investors.

This significant investment will enable Blumind to accelerate the development and commercialization of AMPL -- its groundbreaking analog AI technology -- designed to dramatically reduce power consumption and latency for always-on AI applications. Blumind's innovative approach to AI processing offe...