Silicon Catalyst Announces Three Newly Admitted Startups to Semiconductor Incubator
EcoCircuits, Mentium and Quadric
Silicon Valley, CA - July 31, 2019 - Silicon Catalyst, the world’s only incubator focused exclusively on solutions in silicon, announces the admission of three early-stage companies into the semiconductor industry’s highly acclaimed incubation program. The three companies include two at seed-stage and Silicon Catalyst’s first post-Series A company:
• EcoCircuits BV (seed stage) based in Nijmegen, Netherlands
Smart and efficient power management solutions
• Mentium Technologies (seed stage) based in Santa Barbara, California
Analog in-memory computation for AI
• Quadric (post Series A) based in Burlingame, California
Edge processors for real-time AI
Silicon Catalyst uniquely provides startups with goods and services from a comprehensive network of In-Kind Partners (IKPs) to dramatically reduce the cost of chip development. Now in its fifth year of operation, Silicon Catalyst has reviewed close to 300 early-stage companies and has admitted a total of 21 startups into the incubator. These Portfolio Companies can utilize tools and services from a variety of Silicon Catalyst’s In-Kind Partners (IKP) design and test vendors, as well as access to shuttle / MPW runs with TSMC foundry services. Companies accepted into the incubator have 24 months of free or significantly discounted access to these IKP’s tools and services during the incubation period. The startups can tap into the rapidly expanding Silicon Catalyst network of Advisors and investors. Additionally, incubating companies can work with the newly established Silicon Catalyst Angels group to assist in funding their business growth.
“It’s with great pleasure that we welcome these three, exciting early-stage companies into our incubator, as they are developing leading edge solutions spanning the edge computing, artificial intelligence and power management segments. Their innovative products are poised to significantly improve overall performance and cost-effectiveness across many industries and applications,” stated Pete Rodriguez, CEO of Silicon Catalyst. “In addition to the fact that we’ve now crossed the 20 company threshold of incubating companies, we’ve now also achieved two significant company milestones; our first European-based company, EcoCircuits,and although Silicon Catalyst has had several portfolio companies enter our incubator as seed-stage startups and exit our program with significant Series A funding, Quadric is the first post Series A company admitted to our incubator.”
New Portfolio Companies in the Incubator
EcoCircuits BV - Nijmegen, Netherlands: Bert de Koning, CEO and co-founder
EcoCircuits has developed patented Power Management chip technology that enables a significant increase of battery lifetime for wireless IoT devices. The EcoCircuits Battery Booster chip offers an innovative solution to improve the tradeoff between operating lifetime and power burst requirements for wireless transmission applications, resulting in higher reliability, longer lifetime and smaller battery size. The Battery Booster solution enables lower overall cost and delivers a breakthrough in miniaturization. Further company information can be found at www.ecocircuits.com
Mentium Technologies - Santa Barbara, California: Mirko Prezioso, CEO and co-founder
The company’s Analog Computing Memory (ACM) is based on Non-Volatile Memory devices used to carry out analog in-memory computation for AI / neural networks, eliminating the memory transfer bottleneck and exploiting the inherent efficiency of analog computation. Analog computing has previously suffered from technical limitation of dealing with variations and noise, leading to low precision computation. Mentium has solved these issues and the ACM solution has demonstrated superb resilience to temperature and device variations, delivering extremely fast and efficient AI computation. Further company information can be found at www.mentium.tech
Quadric - Burlingame, California: Veerbhan Kheterpal, CEO and co-founder
Quadric is building the industry’s only end-to-end architecture optimized for real-time edge computing. The company’s product family can be incorporated into a wide range of products that require instantaneous processing of real-world data streams with maximum speed with minimal power requirements. The company sells single-board supercomputers that are plug-and-play compatible with a broad range of after-market sensors. Quadric has a raised $15M to date. Their Series A was led by Denso, the tier 1 automotive company, who will also be one of Quadric’s customers for all levels of autonomous driving solutions. Other key investors include Leawood VC, Pear VC, Uncork Capital, SV Angel, Cota Capital, and Trucks Venture Capital.
“As the earliest investor in Quadric, we invested in the company because of the massive market opportunity for edge computing and the technical talent of the co-founders,” said Mar Hershenson, Managing Partner at Pear VC. “The team is experienced with developing and shipping sophisticated processing technology with limited start-up resources. In just two years they have gone from zero to early system prototypes. Joining with Silicon Catalyst and their extensive network of ecosystem partners will further enhance Quadric’s business growth opportunities.”
More information can be found at www.quadric.io
About Silicon Catalyst
It’s About What’s Next® - Silicon Catalyst is the world’s only incubator focused exclusively on accelerating solutions in silicon, building a coalition of in-kind and strategic partners to dramatically reduce the cost and complexity of development. Close to 300 startup companies have engaged with Silicon Catalyst since April 2015, with a total of 21 startup companies admitted to the incubator. With a world-class network of mentors to advise startups, Silicon Catalyst is helping startups address challenges moving from idea to realization. The incubator/accelerator supplies startups with a path to design tools, silicon devices, networking, access to funding and marketing acumen to successfully launch their companies’ novel technology solutions. Silicon Catalyst was the recipient of the prestigious 2015 ACE Award for Start-Up Company of the Year.
Companies in the incubator can now also apply for funding at the newly launched Silicon Catalyst Angels group, www.siliconcatalystangels.com