BrainChip Reflects on a Successful 2021, with Move to Market Readiness Behind Next-Generation Edge-Based AI Solutions

LAGUNA HILLS, Calif.–(BUSINESS WIRE)–BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY) is a number one supplier of ultra-low energy, excessive efficiency synthetic intelligence know-how and the world’s first business producer of neuromorphic AI chips and IP. BrainChip is trying ahead to 2022 because it closes its most profitable yr ever buoyed by technological developments made to its Akida™ know-how, commercialization, additions of veteran management to each its administration and Board of Administrators, market trade upgrades and extra.

BrainChip noticed its imaginative and prescient for brain-inspired Neuromorphic AI structure transfer into manufacturing actuality this yr. This know-how, which mimics the processing operate and studying construction of the human mind, helps prospects create ultra-low energy merchandise with the power to carry out classification solely on-chip and to quickly study on-chip with out the necessity to connect with the cloud.

Among the many many milestones achieved this yr, the Akida AKD1000 neuromorphic processor manufacturing chips have been obtained from BrainChip’s manufacturing associate, SocioNext America and TSMC. BrainChip accomplished performance and efficiency testing of the manufacturing chips and commenced quantity manufacturing. This success enabled the corporate to start out accepting and delivery orders of Akida improvement kits to its companions, massive enterprises and OEMs for their very own inside testing, validation, and product improvement. Moreover, BrainChip licensed its Akida IP to ASIC trade heavyweights MegaChips and Renesas to assist improve and develop their know-how positioning for next-generation, cloud unbiased AI merchandise.

This yr additionally noticed the introduction of MetaTF™, a flexible ML framework that works inside TensorFlow™1, which permits individuals working within the convolutional neural community area to seamlessly transition to neuromorphic computing rapidly and simply with out having to study something new. The MetaTF improvement setting is an easy-to-use machine studying framework for the creation, coaching and testing of neural networks, supporting the event of techniques for Edge AI on BrainChip’s Akida AKD1000 occasion area neural processor. Over 4,500 potential prospects have began to make use of MetaTF in 2021 alone.

Attaining fast success in Akida product improvement allowed BrainChip to maneuver its US headquarters to bigger services to assist anticipated buyer progress as the corporate continues to maneuver towards commercialization of its Akida AKD1000 neuromorphic processor and complete improvement setting. The brand new 10,000 sq. ft. (929 sq. meters) facility is 4 instances the scale of its earlier headquarters and offers the corporate with the power to scale its companies and processes wanted to fulfill anticipated buyer and assist infrastructure wants.

BrainChip just lately introduced the appointment of Mr. Sean Hehir as BrainChip’s new CEO. He takes over from interim CEO Peter van der Made, who strikes to his earlier CTO place full time. Mr. Hehir’s focus is to information BrainChip’s progress in the direction of full commercialization of the Akida AKD1000 chip and its IP. He’s joined by non-executive director additions to the Firm’s Board – former ARM government Antonio J. Viana and innovation champion and strategic advisor Ms. Pia Turcinov.

As a public firm, BrainChip obtained a number of upgrades to its market presence, which included its addition to the S&P/ASX 300 index, an replace of its ticker image on the OTC market and an inventory improve to the OTCQX Greatest market. BrainChip additionally launched a US primarily based ADR (BCHPY) that permits BrainChip to proceed its path of pursuing excessive accessibility to the US capital markets. As a result of robust demand for high-growth potential, Synthetic Intelligence shares within the US are anticipated to end in an inflow of US funding and in the end a rise in shareholder worth. The corporate’s successes have pushed an increase of its inventory value by one hundred pc over the past 12 months

Different highlights from this yr embrace being named among the many EE Instances Silicon 100, the launch of 5 sensor modalities of Akida (odor, imaginative and prescient, audio, tactile and gustation, which see real-world utility in Covid-19 detection, facial recognition, voice recognition, vibration evaluation and wine and beer style recognition). Sensible demonstrations in high quality management and different industrial environments devour solely microwatts to milliwatts of energy. BrainChip’s founder Peter van der Made received the AI {Hardware} 2021 innovator award primarily based on the event and manufacturing capabilities of Akida, the continuation of its extremely in style “That is Our Mission” podcasts, and frequent talking appearances at exhibits and occasions all through the world.

“One of many issues that impressed me probably the most about BrainChip when seeking to be a part of the corporate was the standard and quantity of successes it has achieved, and the devoted and proficient workforce which might be the center of BrainChip’s success,” stated Mr. Hehir. “As the corporate transfers from energy of imaginative and prescient to energy of manufacturing, the chances are limitless. BrainChip is shifting to market readiness, growth of a product portfolio, enhancements to human assets, and enhancements within the inventory market. I’m excited to see Akida’s influence on the $46B USD ‘Edge AI’ complete addressable market (TAM) as BrainChip has unequivocally proved that it’s the chief within the neuromorphic AI area. I sit up for seeing the sort of revolutionary strikes we make in 2022.”

About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY)

BrainChip is a worldwide know-how firm that’s producing a groundbreaking neuromorphic processor that brings synthetic intelligence to the sting in a manner that’s past the capabilities of different merchandise. The chip is excessive efficiency, small, ultra-low energy and permits a big selection of edge capabilities that embrace on-chip coaching, studying and inference. The event-based neural community processor is impressed by the spiking nature of the human mind and is applied in an trade normal digital course of. By mimicking mind processing BrainChip has pioneered a processing structure, referred to as Akida™, which is each scalable and versatile to handle the necessities in edge units. On the edge, sensor inputs are analyzed on the level of acquisition somewhat than by way of transmission by way of the cloud to a knowledge middle. Akida is designed to supply an entire ultra-low energy and quick AI Edge Community for imaginative and prescient, audio, olfactory and good transducer functions. The discount in system latency offers quicker response and a extra energy environment friendly system that may scale back the massive carbon footprint of knowledge facilities.

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1 TensorFlow is a registered trademark of Google LLC.

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