Rain AI develops energy-efficient AI hardware based on proprietary in-memory compute technology to enable large AI models to run locally on devices. The company targets use cases across drones, VR goggles, smartphones, robotics, wearables and more. Rain AI plans to launch its first customer-ready chip in 2025 and is in talks with major hyperscalers and semiconductor companies to license its IP. Founded in 2017 and accepted into Y Combinator in 2018, the company relocated to Silicon Valley to advance R&D. Financially, Rain AI has completed multiple financings and has raised over $40M to date. Its investor base includes prominent tech figures and institutional backers who have supported prior rounds.

Total raised

$8M

Funding rounds

1

Latest round

Series A

Latest activity

May 2024