# Movidius

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

- Industry: Semiconductors
- Headquarters: San Mateo, US
- Website: www.movidius.com
- Total disclosed funding: $87M
- Latest round: Series E (Apr 14, 2015)
- Investors on record: 12

## About

Movidius Ltd specializes in high-performance computing solutions, particularly focused on artificial intelligence (AI) applications. The company develops innovative technologies that enhance computational efficiencies across various platforms.Movidius Ltd was founded in 2005 and is based in San Mateo, US. The company focuses on AI-optimized computing solutions. In September 2016, Intel Corporation acquired Movidius Ltd for an undisclosed amount. The current CEOs are Remi El-Ouazzane and Sean Mitchell. Movidius has been involved in multiple deals, totaling 6, with its most recent deal dated September 5, 2016, during which it secured a Series E funding round amounting to USD 40.00 mn, raising the total amount to USD 40.00 mn. Investors in this round included ARCH Venture Partners, Atlantic Bridge, Capital-E Partners, Dublin Business Innovation Centre, Molten Ventures, Robert Bosch Venture Capital, Sunny Optical Technology, and WestSummit Capital.Movidius Ltd's flagship products are the Intel® Core™ Ultra Processors, designed for high-performance computing with a focus on AI applications. These processors support various platforms, including desktops, mobile devices, and edge computing, featuring up to 24 cores and advanced graphics capabilities. The company serves a diverse clientele, including professionals in gaming, content creation, and enterprise solutions, with products marketed in North America, Europe, and parts of Asia.Movidius generates revenue primarily through the sale of its Intel® Core™ Ultra Processors. Transactions are conducted through B2B partnerships, direct consumer sales, and a network of retail and wholesale channels. Customers typically obtain products via OEMs that integrate the processors into their systems, driving structured transaction processes often involving bulk orders and licensing agreements. Movidius also collaborates with software developers to enhance AI functionalities, which may require additional software purchases or subscriptions, aligning revenue generation with the demand for high-performance computing solutions.Movidius Ltd plans to leverage its recent funding from the Series E round to support the development of new products that enhance AI computing capabilities. The company aims to expand its market presence in Europe and Asia by 2025, focusing on enhancing its partnerships with OEMs and software developers to integrate advanced functionalities. This strategy aims to solidify Movidius's position in high-performance computing as technology demands evolve.

## Funding rounds

- Series E, Apr 14, 2015, $40M — ARCH Venture Partners, Molten Ventures, Atlantic Bridge, Capital-E Partners, Robert Bosch Venture Capital, WestSummit Capital, Furthr, Sunny Optical Technology
- Series D, Jul 10, 2013, $16M — Molten Ventures, Atlantic Bridge, Capital-E Partners, Robert Bosch Venture Capital, Furthr
- Series C, Nov 30, 2011, $9M — Celtic House Venture Partners, Capital-E Partners, Demea Invest, Furthr, Enterprise Equity Venture Capital
- Series B, May 19, 2010, $7.5M — Celtic House Venture Partners, Capital-E Partners, Demea Invest, Furthr, Enterprise Equity Venture Capital
- Series A, Oct 20, 2008, $14M — Celtic House Venture Partners, Capital-E Partners, Demea Invest, Enterprise Ireland, Furthr, Enterprise Equity Venture Capital

## Investors

- Celtic House Venture Partners (https://capitalatlas.ai/funds/celtic-house-venture-partners) — Series A, Series B, Series C
- Capital-E Partners (https://capitalatlas.ai/funds/capital-e-partners) — Series A, Series B, Series C, Series D, Series E
- Demea Invest (https://capitalatlas.ai/funds/demea-invest) — Series A, Series B, Series C
- Enterprise Ireland (https://capitalatlas.ai/funds/enterprise-ireland) — Series A
- Furthr (https://capitalatlas.ai/funds/furthr) — Series A, Series B, Series C, Series D, Series E
- Enterprise Equity Venture Capital (https://capitalatlas.ai/funds/enterprise-equity-venture-capital) — Series A, Series B, Series C
- Molten Ventures (https://capitalatlas.ai/funds/molten-ventures) — Series D, Series E
- Atlantic Bridge (https://capitalatlas.ai/funds/atlantic-bridge) — Series D, Series E
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series D, Series E
- ARCH Venture Partners (https://capitalatlas.ai/funds/arch-venture-partners) — Series E
- WestSummit Capital (https://capitalatlas.ai/funds/westsummit-capital) — Series E
- Sunny Optical Technology — Series E