# Adapteva

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adapteva

- Industry: Semiconductors
- Headquarters: Lexington, US
- Website: www.adapteva.com
- Total disclosed funding: $3.6M
- Latest round: Series B (Jan 16, 2014)
- Investors on record: 2

## About

Adapteva, Inc. develops high-performance computing solutions, specializing in advanced chip technology that delivers exceptional processing power and efficiency. The company caters to various industries, enhancing computational capabilities across multiple sectors.Founded in 2008 in Lexington, US, Adapteva, Inc. is known for its innovative computing solutions. The company has engaged in 3 significant deals, with the most recent transaction occurring on January 16, 2014, when it raised USD 3.6 mn in Series B funding from investors including Telefonaktiebolaget LM Ericsson and Viola Group. The CEO and founder, Akin Akinmulero, has an established background in technology innovation.Adapteva, Inc. specializes in high-performance computing solutions that leverage a unique architecture to deliver significant efficiency advantages over traditional CPU-based systems. Their core product offerings include a range of chips characterized by 1 billion cores per system, capable of achieving 4 TFLOPS per chip at 16nm technology. These products are designed to meet the demands of various applications, from artificial intelligence to high-performance computing, serving a diverse clientele that includes over 10,000 customers across multiple sectors. The company’s systems are particularly targeted towards enterprise and academic markets in regions such as North America, Europe, and parts of Asia, where computational efficiency and scalability are critical.Adapteva, Inc. generates revenue primarily through the sale of its advanced computing chips and related technologies, establishing direct business-to-business relationships with clients in various sectors. The transaction structure typically involves contracts for bulk purchases, which may include collaboration agreements for custom solutions tailored to specific client needs. Clients may engage in partnerships that facilitate ongoing access to the company’s technology and support services. Specific pricing plans for products may vary based on the scale of the deployment and the customization required, ensuring alignment with both enterprise clients' budgets and performance objectives. The firm's flagship products, known for their exceptional performance metrics, play a crucial role in sustaining revenue generation and fostering long-term client relationships.Adapteva, Inc. is focusing on developing new products designed to enhance its computing capabilities, although specific release dates are not detailed. The company plans to expand into additional markets in Europe and Asia by leveraging recent advancements in chip technology. The USD 3.6 mn raised in Series B funding will be instrumental in supporting these initiatives, particularly in product development and market expansion efforts.

## Funding rounds

- Series B, Jan 16, 2014, $3.6M — Viola Group, Telefonaktiebolaget LM Ericsson

## Investors

- Viola Group (https://capitalatlas.ai/funds/viola-group) — Series B
- Telefonaktiebolaget LM Ericsson — Series B