# Flex Logix Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/flex-logix-technologies

- Industry: Semiconductors
- Headquarters: Mountain View, US
- Website: www.flex-logix.com
- Total disclosed funding: $68M
- Latest round: Series D (Feb 26, 2021)
- Investors on record: 4

## About

Flex Logix Technologies, Inc. specializes in AI Inference and embedded FPGA applications, delivering innovative hardware and software solutions that enhance computational tasks across various industries.Founded in 2002 and headquartered in Mountain View, US, Flex Logix Technologies, Inc. focuses on providing reliable AI Inference solutions and embedded FPGA technologies. The company was co-founded by Cheng Wang, Dejan Markovic, Geoffrey Tate, and Neval Patil. Flex Logix has successfully completed 5 funding deals, with the most recent being a Series D round on February 26, 2021, raising USD 55.080 mn led by Mithril Capital Management, alongside investors such as Eclipse Ventures and Lux Capital. The total amount raised by the company now stands at USD 55.080 mn, with a current valuation of USD 206.370 mn.Flex Logix offers advanced hardware and software solutions specializing in artificial intelligence inference and embedded FPGA applications. Their products are designed to optimize performance, scalability, and efficiency, catering to industries that require high-level computational capabilities. The company focuses on delivering robust solutions that enhance the operational capabilities of businesses leveraging AI and FPGA technologies.Flex Logix generates revenue through the sale of its proprietary AI Inference and embedded FPGA solutions. Their financial structure typically involves direct agreements with clients, with transaction models designed to accommodate various project scales and budget requirements, contributing to a steady revenue stream.Following the Series D funding round raised on February 26, 2021, Flex Logix plans to expand its applications support for both AI Inference and embedded FPGA industries. The investment will help facilitate the development of new products aimed at enhancing their technology offerings. Additionally, Flex Logix is targeting expansion into new geographic markets, specifically focusing on areas with a growing demand for AI and FPGA solutions. The company aims to capitalize on these funds to support their strategic initiatives, ensuring they remain competitive in a rapidly evolving technological landscape.

## Funding rounds

- Series D, Feb 26, 2021, $55M — Lux Capital, Mithril, Eclipse Ventures, Tate Family Trust
- Series B, May 3, 2017, $5M — Lux Capital, Eclipse Ventures, Tate Family Trust
- Series A, Oct 20, 2015, $7.5M — Lux Capital, Eclipse Ventures

## Investors

- Lux Capital (https://capitalatlas.ai/funds/lux-capital) — Series A, Series B, Series D
- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Series A, Series B, Series D
- Tate Family Trust — Series B, Series D
- Mithril (https://capitalatlas.ai/funds/mithril) — Series D