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Los Altos AI company developing neural network computation technology and a first chip based on weight sparsification.
Moffett AI was founded in 2018 in Los Altos, US, by Ian Yen, Wei W. and Zhibin Xiao, with Wei W. serving as CEO. In January 2022 the company raised USD 10.00 mn in an Angel round led by Keytone Ventures, with Cloud Angel Fund and Creation Venture Partners participating, to support production of its first chip. Its neural network approach is built on data and weight sparsification, and it sells AI analytics tools to businesses largely on subscription models.
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