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Unconventional AI Raises $475 Million Seed at $4.5 Billion Valuation for Analog AI Hardware

The startup is betting on analog, biology‑inspired chips to curb AI’s power use.

Overview

  • Andreessen Horowitz and Lightspeed co-led the $475 million seed, with Lux Capital, DCVC, Databricks, and Jeff Bezos participating, and CEO Naveen Rao investing $10 million personally.
  • The financing is the first tranche of a planned raise of up to $1 billion, according to Rao.
  • Unconventional AI aims to build silicon that leverages analog and neuromorphic principles to approach biology‑level efficiency for machine learning.
  • Rao says the effort will be a multi‑year research program with no product expected within two years, though the company plans to start releasing research findings in the coming months.
  • The company was co‑founded by Rao, MeeLan Lee, Sara Achour, and Michael Carbin, combining backgrounds in analog circuits, systems, and programming models from industry and academia.