BrainChip Quadruples U.S. Headquarter Space to Facilitate Growth as Company Accelerates Commercialization
11 November 2021 - 2:22PM
Business Wire
BrainChip Holdings Ltd (ASX: BRN), (OTCQX: BCHPY) a leading
provider of ultra-low power high performance artificial
intelligence technology and the world’s first commercial producer
of neuromorphic AI chips, today announced it is moving its U.S.
headquarters to larger facilities in order to support expected
customer growth as the company continues to move toward
commercialization of its Akida™ event domain neural processor and
comprehensive development environment.
BrainChip’s new 10,000 sq. ft. (929 sq. m) headquarters are
located in Laguna Hills, California. The new offices will house the
company’s development, engineering, sales, finance, and marketing
teams. By expanding its physical footprint now, BrainChip is well
positioned to scale the services and processes it is putting into
place to satisfy expected customer and support infrastructure
needs. The date of the move is November 15.
With the recent announcement of the availability of development
kits for its Akida™ advanced neural networking processor, BrainChip
is anticipating a ramp up to production status of
neuromorphic-based edge AI applications. The company’s expansion of
office space reflects the expansion of strategic alliances and
business development underway to accelerate commercialization of
BrainChip IP.
“We’ve reached an inflection point in which the need to find
additional space to support our growth could no longer be ignored,”
said Anil Mankar, BrainChip co-founder and chief development
officer. “Whereas the trend for many businesses today is to shrink
their physical footprint, it just makes sense to move our
headquarters to a facility that can support the growth of our
development, production and sales teams. We look forward to having
the room necessary to support our goals of delivering the next
generation of AI at the edge to markets throughout the world.”
BrainChip’s Akida brings artificial intelligence to the edge in
a way that existing technologies are not capable. The solution is
high-performance, small, ultra-low power and enables a wide array
of edge capabilities. The Akida (NSoC) and intellectual property
can be used in applications including Smart Home, Smart Health,
Smart City and Smart Transportation. These applications include but
are not limited to home automation and remote controls, industrial
IoT, robotics, security cameras, sensors, unmanned aircraft,
autonomous vehicles, medical instruments, object detection, sound
detection, odor and taste detection, gesture control and
cybersecurity.
About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BCHPY)
BrainChip is a global technology company that is producing a
groundbreaking neuromorphic processor that brings artificial
intelligence to the edge in a way that is beyond the capabilities
of other products. The chip is high performance, small, ultra-low
power and enables a wide array of edge capabilities that include
on-chip training, learning and inference. The event-based neural
network processor is inspired by the spiking nature of the human
brain and is implemented in an industry standard digital process.
By mimicking brain processing BrainChip has pioneered a processing
architecture, called Akida™, which is both scalable and flexible to
address the requirements in edge devices. At the edge, sensor
inputs are analyzed at the point of acquisition rather than through
transmission via the cloud to a data center. Akida is designed to
provide a complete ultra-low power and fast AI Edge Network for
vision, audio, olfactory and smart transducer applications. The
reduction in system latency provides faster response and a more
power efficient system that can reduce the large carbon footprint
of data centers.
Additional information is available at
https://www.brainchipinc.com
Follow BrainChip on Twitter:
https://www.twitter.com/BrainChip_inc Follow BrainChip on LinkedIn:
https://www.linkedin.com/company/7792006
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version on businesswire.com: https://www.businesswire.com/news/home/20211110006527/en/
Mark Smith JPR Communications 818-398-1424 marks@jprcom.com
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