Extropic AI

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Extropic AI, previously known as Qyber, develops novel AI chips and algorithms that leverage the natural properties of out-of-equilibrium thermodynamic systems to perform probabilistic computation. The company’s approach involves implementing Energy-Based Models (EBMs) directly as parameterized stochastic analog circuits. These circuits mimic natural processes like Brownian motion, leveraging programmable randomness to efficiently sample from complex probability distributions essential for GenAI tasks. 

Extropic's first processors, nano-fabricated from aluminum, operate at low temperatures in a superconducting state, exploiting the Josephson effect for non-linear computations. It is also developing semiconductor devices operable at room temperature for broader market reach.

Funding and financials

In December 2023, the company raised USD 14.1 million in seed funding to expand operations and development efforts. The round was led by Kindred Ventures and its founder, Steve Jang. 

HQ location:
2301 West Anderson Lane Suite 102 - 52 Austin TX USA
Founded year:
2022
Employees:
11-50
IPO status:
Private
Total funding:
USD 14.1 mn
Last Funding:
USD 14.1 mn (Seed; Dec 2023)
Last valuation:
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