Mithril dives into chips again with a $55M infusion to Flex Logix – TechCrunch

The once untouchable semiconductor sector continues to attract fervent attention from VCs. The latest news this morning is that Ajay Royan of Mithril Capital has led a $55 million Series D round of financing into Flex Logix, which builds chips designed to bring AI workflows to the compute edge. That follows on earlier rounds in the company totaling $27 million from the likes of Lux, Eclipse Ventures and Tate Family Trust, the investment vehicle of the company's founder and CEO Geoff Tate. The firm previously backed Nuvia, a promising entrant in the server chip market which was founded by several of the top chip designers of Apple's A-line of processors. Mithril invested $240 million in Nuvia last September, just a few months before the company flipped over to Qualcomm in a $1.4 billion transaction announced in January.