Sparxity closes Series A funding round

✦ Meridian Analysis

Sparxity announced that its Series A round is now closed, bringing the total capital raised to $90 million. The round was led by ICMHPQC Fund and included a mix of strategic and venture investors such as Lockheed Martin Ventures, GlobalFoundries, GSFutures, Cloudberry Ventures, TGFS and EICFund, together with angel participants Richard Socher and Nancy Xu. The investors are providing equity capital that will be used to accelerate the design and production of specialised chips for dynamic sparse AI inference. No debt component or external lender was mentioned, and the transaction is signed and completed, as confirmed by the company’s press release. Sparxity secured backing from both defence‑oriented investors (Lockheed Martin) and pure‑play silicon manufacturers (GlobalFoundries). What remains undisclosed are the valuation at which the new shares were issued, the exact size of any ancillary financing package and the identity of any financial advisers that may have structured the round. Observers will also watch for the timing of the next product tape‑out and the rollout of the three final chip designs already in production.

The Meridian Weekly