# Rain Neuromorphics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rain-neuromorphics

- Industry: Hardware
- Headquarters: San Mateo, US
- Website: www.rain.ai
- Total disclosed funding: $44M
- Latest round: Series A (May 26, 2024)
- Investors on record: 13

## About

Founded in 2017 and based in California, US, Rain Neuromorphics Inc. operates as an AI (artificial intelligence) chip company. The company was founded by its CTOs, Jack Kendall, Gordon Wilson, and Juan Claudio Nino. In May 2024, Epic Venture Partners raised USD 8.1 million in Series A funding for Rain Neuromorphics Inc. The round was part of a larger USD 25 million in Series A funding. As of 2024, the company is led by its CEO, William Passo.

Rain Neuromorphics offers artificial intelligence-enabled, energy-efficient hardware products with the help of digital in-memory computing technology. The company provides AI accelerator chips for semiconductor companies. The company plans to use the funds raised in May 2024 to support the technological advancement of its platform.

## Funding rounds

- Series A, May 26, 2024, $8.1M — Epic Venture Partners
- Series A, Jan 10, 2022, $31M — Aramco Ventures, Gaingels, Deepwater Asset Management, Pioneer Fund, Metaplanet Holdings, Buckley Ventures
- Seed, Aug 23, 2018, $5M — FundersClub, Pegasus Tech Ventures, Soma Capital Management, Airbus Ventures, Liquid 2 Ventures, FoundersX Ventures, Deepwater Asset Management

## Investors

- FundersClub (https://capitalatlas.ai/funds/fundersclub) — Seed
- Pegasus Tech Ventures (https://capitalatlas.ai/funds/pegasus-tech-ventures) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- Airbus Ventures (https://capitalatlas.ai/funds/airbus-ventures) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- FoundersX Ventures (https://capitalatlas.ai/funds/foundersx-ventures) — Seed
- Deepwater Asset Management (https://capitalatlas.ai/funds/deepwater-asset-management) — Seed, Series A
- Aramco Ventures (https://capitalatlas.ai/funds/aramco-ventures) — Series A
- Gaingels (https://capitalatlas.ai/funds/gaingels) — Series A
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Series A
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Series A
- Buckley Ventures (https://capitalatlas.ai/funds/buckley-ventures) — Series A
- Epic Venture Partners (https://capitalatlas.ai/funds/epic-venture-partners) — Series A