Mythic AI-chip startup raises $125 million funding

Mythic Inc., an AI-chip startup aiming to compete with Nvidia, secured $125 million in a funding round led by DCVC, with participation from NEA, Atreides, SoftBank, Honda, and Lockheed Martin. The new capital will support Mythic's efforts to scale AI processor development and commercialization, as it seeks to challenge the dominance of established players in the AI hardware market.