About Mythic
Mythic is a company based in Austin (United States) founded in 2012 by Dave Fick.. Mythic has raised $266.32 million across 9 funding rounds from investors including Lam Research, Lockheed Martin and Micron Technology. The company has 360 employees as of December 31, 2022. Mythic offers products and services including M1076 Analog Matrix Processor, MM1076 M.2 M Key Card, and ME1076 M.2 A+E Key Card. Mythic operates in a competitive market with competitors including Flex Logix, Untether AI, Axelera AI, Hailo and Celestial AI, among others.
- Headquarter Austin, United States
- Employees 360 as on 31 Dec, 2022
- Founders Dave Fick
- Stage Minicorn
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$266.32 M (USD)
in 9 rounds
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Latest Funding Round
$125 M (USD), Series D
Dec 17, 2025
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Investors
Lam Research
& 25 more
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Employee Count
360
as on Dec 31, 2022
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Products & Services of Mythic
Mythic offers a comprehensive portfolio of products and services, including M1076 Analog Matrix Processor, MM1076 M.2 M Key Card, and ME1076 M.2 A+E Key Card. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers up to 25 TOPS for high-end edge AI inference applications.
Enables high-performance AI inference with power efficiency for edge devices.
Provides power-efficient AI inference for edge servers and devices.
Funding Insights of Mythic
Mythic has successfully raised a total of $266.32M across 9 strategic funding rounds. The most recent funding activity was a Series D round of $125 million completed in December 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Series D — $125.0M
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First Round
First Round
(01 Jan 2015)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2025 | Amount | Series D - Mythic | Valuation | DCVC | |
| Mar, 2023 | Amount | Series C - Mythic | Valuation | Atreides Management , DCVC |
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| May, 2021 | Amount | Series C - Mythic | Valuation | BlackRock , Hewlett Packard Pathfinder |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mythic
Mythic has secured backing from 26 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Lam Research, Lockheed Martin and Micron Technology. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Technology and consumer sectors are targeted through private equity investments.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Seed and early-stage technology companies are funded by Lux Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mythic
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Mythic
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mythic Comparisons
Competitors of Mythic
Mythic operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flex Logix, Untether AI, Axelera AI, Hailo and Celestial AI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of a reconfigurable computing company that provides embedded FPGA (eFPGA) IP, architecture, and software to enable flexible and efficient computing solutions for a wide range of industries
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| domain | founded_year | HQ Location |
At-memory computes are provided for accelerating AI inference in devices.
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| domain | founded_year | HQ Location |
Provider of hardware and software-based platforms for accelerating AI inference at the edge
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| domain | founded_year | HQ Location |
Provider of neural learning processors for edge AI applications
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| domain | founded_year | HQ Location |
Provider of AI-powered optical processing units
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| domain | founded_year | HQ Location |
AI-powered software and hardware provided for enterprises and governments.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mythic
Frequently Asked Questions about Mythic
When was Mythic founded?
Mythic was founded in 2012 and raised its 1st funding round 3 years after it was founded.
Where is Mythic located?
Mythic is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Mythic a funded company?
Mythic is a funded company, having raised a total of $266.32M across 9 funding rounds to date. The company's 1st funding round was a Series C of $70M, raised on Jan 01, 2015.
How many employees does Mythic have?
As of Dec 31, 2022, the latest employee count at Mythic is 360.
What does Mythic do?
Mythic was founded in 2012 in Austin, United States, where AR, VR, and metaverse equipment is manufactured. Operations focus on hardware development for immersive technologies, with production centered in the technology sector. Co-founder Dave Fick is designated as CTO, overseeing technical aspects. The companys domain, mythic.ai, supports its activities in extended reality solutions across the United States.
Who are the top competitors of Mythic?
Mythic's top competitors include Celestial AI, Axelera AI and Untether AI.
What products or services does Mythic offer?
Mythic offers M1076 Analog Matrix Processor, MM1076 M.2 M Key Card, and ME1076 M.2 A+E Key Card.
Who are Mythic's investors?
Mythic has 26 investors. Key investors include Lam Research, Lockheed Martin, Micron Technology, BlackRock, and Atreides Management.
What is Mythic's valuation?
The valuation of Mythic is $165.2M as of May 2021.