Ubitium Raises $14 Million; OpenOcean Says No Workloads or Commitments Yet
OpenOcean says companies in several industries are evaluating the processor, but no customer workloads or commitments have resulted.
By Emerson Redding · Published
Why it matters
OpenOcean says the customer interest consists of early evaluations, with no customer workloads or commitments yet. Ubitium is still developing the processor and plans to deliver evaluation units in 2027.
Ubitium announced a new $14 million seed round in October, led by Ibex Investors, for its planned processor aimed at embedded computing and Physical AI, according to the company.
Tom Henriksson of investor OpenOcean told RuntimeWire in an email: “As you see from my reply in 2), there are no customer workloads run or customer commitments yet. Customers from different industries have however started early technology evaluations.”…
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