# AlphaICs

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

- Industry: Software
- Headquarters: Milpitas, US
- Website: www.alphaics.ai
- Total disclosed funding: $10M
- Latest round: Series B (Jan 20, 2021)
- Investors on record: 10

## About

AlphaICs Corp is a pioneering company specializing in advanced artificial intelligence solutions, focusing on the development of custom AI chips and algorithms to enhance machine learning and data processing across various industries.Founded in 2016 and headquartered in Milpitas, US, AlphaICs Corp is engaged in creating innovative AI technologies. The company has raised a total of USD 8.00 mn through funding rounds, with the most recent being a Series B round on January 20, 2021, co-led by Emerald Technology Ventures and Endiya and involving several other investors. The CEO, Pradeep Vajram, has a history of leadership in technology ventures, contributing to the strategic direction of the company.AlphaICs specializes in advanced artificial intelligence solutions, primarily focusing on the development of custom AI chips and algorithms tailored for various industries. Their core offerings streamline data processing and enhance machine learning capabilities, addressing challenges in high-performance computing and real-time analytics. Clients typically include enterprises in sectors such as automotive, healthcare, and finance, where AI can significantly improve operational efficiency and decision-making processes. The company has positioned its products to cater to a global audience, particularly in North America, Europe, and Asia, where demand for sophisticated AI technology is rapidly growing. These products have been released in phases over the past few years, reflecting continuous innovation and adaptation to evolving technological needs.AlphaICs generates revenue through a combination of direct sales and strategic partnerships with technology firms. Transactions often occur in a B2B framework, with clients purchasing AI chipsets and software licenses under subscription or one-time purchase models. Businesses may engage in annual contracts for software updates and technical support alongside initial hardware acquisition. The pricing structure is influenced by the complexity of the AI solutions, with flagship products commanding premium pricing due to their advanced capabilities. This transactional model fosters ongoing relationships with enterprise clients and encourages scalability and customization to meet diverse industry requirements.Looking ahead, AlphaICs plans to expand its product offerings by designing new AI chips tailored for emerging market demands, with launches expected in the next 18 months. The company aims to penetrate additional markets in Southeast Asia and Europe by 2023, leveraging its innovative technologies to capitalize on the growing demand for AI solutions. The recent Series B funding of USD 8.00 mn will support these initiatives, facilitating product development and market expansion efforts.

## Funding rounds

- Series B, Jan 20, 2021, $8M — Emerald Technology Ventures, Brookstone Venture Capital, JSR Corporation, Rebright Partners, StartupXseed Ventures, Endiya, 3one4Capital Advisors, Whiteboard Capital, CBC Corporation, IREON Ventures
- Seed, Sep 1, 2017, $2.4M — Emerald Technology Ventures, Rebright Partners, Endiya, 3one4Capital Advisors

## Investors

- Emerald Technology Ventures (https://capitalatlas.ai/funds/emerald-technology-ventures) — Seed, Series B
- Rebright Partners (https://capitalatlas.ai/funds/rebright-partners) — Seed, Series B
- Endiya (https://capitalatlas.ai/funds/endiya) — Seed, Series B
- 3one4Capital Advisors (https://capitalatlas.ai/funds/3one4capital-advisors) — Seed, Series B
- Brookstone Venture Capital (https://capitalatlas.ai/funds/brookstone-venture-capital) — Series B
- JSR Corporation — Series B
- StartupXseed Ventures (https://capitalatlas.ai/funds/startupxseed-ventures) — Series B
- Whiteboard Capital (https://capitalatlas.ai/funds/whiteboard-capital) — Series B
- CBC Corporation — Series B
- IREON Ventures (https://capitalatlas.ai/funds/ireon-ventures) — Series B