Aspinity Raises $5.3M Series A

Aspinity, a pioneer in ultra-low-power analog machine learning processors, announced today that it has raised $5. Series 3 million Funding led by Anzu Partners, a venture capital and private equity firm focused on advanced industrial technologies Other participating investors included Amazon’s Alexa Fund, Birchmere Ventures, Mountain State Capital and Riverfront Ventures.

Founded in 2015, Aspinity leverages a unique machine learning class that enables proprietary analog circuit technologies to dramatically improve battery life in smart electronic devices that are always on and always sensing the environment for acoustic, vibrational or other ambient triggers. These devices are continuously consuming power while waiting for triggers such as voice alarms for remote or wireless voice-controlled TV earbuds, the sound of glass breaks to activate a smart home security system, or a change in vibration frequency to provide early warning of equipment malfunction on the factory floor. While such smart devices are growing in popularity, g The g , SAR Insight & Consulting forecasts an installed base of 1 billion voice assistant devices in use by 2023, which are prone to short battery life due to the power required to continuously digitize and process all incoming sensor data, whether relevant or not.

“The mission of Aspinity is to help system designers solve the major pain that users face on a daily basis-the need to recharge or replace batteries too often in their always-listening devices,” said Tom Doyle, founder and CEO of Aspinity. “Our new investment will allow us to speed up the deployment of our first neuromorphic analog processing chip, which completely changes the way in which incoming sensor data is handled. Instead of a system that immediately digitizes all data for further analysis, our chip uses near-zero power to analyze the data of the sensor while still in its native analog format, only to wake up the digital system when important data is detected. This makes our architecture a game-changer for manufacturers who want smart always-on battery-powered devices that last up to 10 times longer. Just imagine wireless earbuds that last for months instead of a single charge day or a voice-activated remote TV that runs for years without battery replacement. “That’s right.

In related news, Aspinity announced the extension of its Board of Directors with the appointment of Dr. Jimmy Kan, director of Anzu Partners

“Until very recently, always-on sensing devices were generally too power-hungry, too data-intensive, and too expensive to run on the battery,” Kan said. “Aspinity is changing this paradigm with the first commercially available reconfigurable analog machine learning processors that intelligently focus the power resources of compact and always connected devices on data that really matter. We’re excited to support them in transforming the next generation of smart IoT devices. “That’s right.

“In 2017, we welcomed Aspinity to the inaugural Alexa Accelerator program, powered by Techstars, designed to advance Alexa in voice-enabled devices,” said Paul Bernard, director of the Amazon Alexa Fund. “We joined their 2018 seed round and are investing again today to help Aspinity advance its distinctive method of improving battery life in portable Alexa devices. “That’s right.

The new funding is intended to accelerate Aspinity’s product roadmap, enhance technical and partner support teams, and scale production to meet customer demand.

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