Blumind, a developer of ultra-low-power analog AI chips for edge computing, has secured $20M CAD in Series A funding to advance the development and commercialization of its AMPL™ technology platform.
AMPL™ is designed to significantly reduce power consumption and latency for always-on AI applications, offering an alternative to traditional digital inferencing. The company’s approach is optimized for use cases requiring ultra-low power and real-time processing.
The funding will support commercialization of Blumind’s first-generation AI processor for real-time sensor data processing, while accelerating the development of next-generation analog AI chips for vision and large language model applications. It will also help scale engineering teams, support tier 1 customers, and establish new strategic partnerships.
The round was co-led by Cycle Capital and BDC Capital, with continued participation from Fusion Fund, Two Small Fish Ventures, and Real Ventures. The round remains open as discussions with strategic investors continue.
“This funding is a major milestone for Blumind and a testament to the transformative potential of our analog AI technology,” said Niraj Mathur, CEO and Co-Founder of Blumind. “We are thrilled to partner with investors who share our vision of bringing efficient and powerful AI to the edge. This investment will allow Blumind to rapidly scale our operations and bring our solutions to market, empowering a new era of intelligent devices.”
“Blumind’s patented approach using analog AI will not only revolutionize edge computing but also help solve the growing energy demand imposed by the adoption of AI. We are enthusiastic to support the team, as we believe their highly differentiated technology will play a critical role in the future of AI,” said Andrée-Lise Méthot, Founder and Managing Partner at Cycle Capital.
Shane Wall, Partner at Fusion Fund, added, “Physical AI use-cases are emerging in diverse segments such as robotics, smart mobility, medical and AIoT. Blumind’s low-power, low-latency and low-cost semiconductors will be a critical ingredient.”
About Blumind
Blumind, based in Ottawa, Canada, is a deep-tech startup pioneering all-analog machine learning inferencing at the Far Edge—enabling deployment directly on sensors and devices in real-world environments. The company’s breakthrough in-memory analog AI engine dramatically reduces power consumption, latency, and silicon area compared to traditional digital approaches. Built using standard CMOS process technology, Blumind’s solutions are optimized for next-generation Edge AI applications, including IoT, automotive, Smart Home, and Smart City systems. The company delivers ultra-low-power semiconductors, software, and integrated system solutions to support scalable, efficient, always-on intelligence.
About Cycle Capital
Cycle Capital is a leading climate tech venture capital platform that supports sustainable, high-impact innovation across North America and Europe. Founded in 2009, It invests in companies developing technologies that address major ecological challenges. Its impact assessment methodology is integrated throughout the investment lifecycle.
About Fusion Fund
Fusion Fund backs early-stage startups that leverage technical and data-driven advantages. The firm partners with experienced founders building next-generation solutions in healthcare, industrial technology, and enterprise AI across North America, investing from Pre-Seed through Series A.
For more information, please click here.
(Editor’s Note: All trademarks mentioned in this article, including company names, product names, and logos, are the property of their respective owners. Use of these trademarks is for informational purposes only and does not imply any endorsement.)
