Tech Company Financing Transactions
Extropic Funding Round
On 12/4/2023, Extropic received $14.1 million in Seed investment from Kindred Ventures, HOF Capital and Julian Capital.
Transaction Overview
Company Name
Announced On
12/4/2023
Transaction Type
Venture Equity
Amount
$14,100,000
Round
Seed
Investors
Proceeds Purpose
The company will use the funds to build 'physics-based computing' hardware for generative AI.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Undisclosed, Undisclosed
USA
Undisclosed, Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Extropic was founded last year by Chief Executive Officer Guillaume Verdon, who previously led a quantum computing team at Alphabet's X research unit. The company's chief technology officer, Trevor McCourt, was also a researcher at the search giant. While at Alphabet, Verdon and McCourt led the development of a TensorFlow library that can be used to run AI models on quantum computing chips
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Guillaume Verdon
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