Tech Company Financing Transactions
Blumind Funding Round
On 4/8/2025, Blumind received $14 million in Series A funding from BDC Capital, Cycle Capital and Fusion Fund.
Transaction Overview
Company Name
Announced On
4/8/2025
Transaction Type
Venture Equity
Amount
$14,000,000
Round
Series A
Investors
BDC Capital (Lead Investor)
Cycle Capital (Lead Investor)
Proceeds Purpose
The company intends to use the funds to: Expand its engineering and development teams to commercialize its first-generation AI processor for processing real time sensor data. Accelerate the design and production of its next-generation analog AI chips for vision and large language model inferencing. Support existing tier 1 lead customers and establish strategic partnerships with key industry players.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Undisclosed
Ottawa, Ontario, Undisclosed
Canada
Ottawa, Ontario, Undisclosed
Canada
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Blumind is a Canadian deep-tech startup led by industry visionaries with a proven track record of building successful semiconductor businesses. Blumind's team has extensive experience in Analog and AI semiconductor chip design and system solutions. We are a member of ventureLAB, Canada's premier silicon focused technology incubator and a graduate of Creative Destruction Lab's AI stream.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Niraj Mathur
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