A Camas-based startup specializing in artificial intelligence and data centers has secured almost $17 million out of a planned $25 million funding round, as indicated by recent regulatory documents.
PowerLattice Technologies claims on their website that they are striving to enhance power distribution in high-performance computing systems.
The organization counts former Intel CEO Pat Gelsinger and Steve Fu, presumably a partner at the Bay Area-based venture capital firm Celesta, as part of its board. Presently, current Intel CEO Lip-Bu Tan serves as one of Celesta’s managing partners.
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The firm’s website states that its main office is located in a shared workspace area slightly to the east of Vancouver.
PowerLattice did not respond Tuesday to requests for comment. Neither did Celesta or a representative for Gelsinger.
Artificial intelligence and data centers use enormous amounts of electricity. Power delivery technology could help manage that energy more efficiently—either by boosting computing power or reducing electricity use.
Intel’s board
pushed out Gelsinger in December
As the chip manufacturer encountered increasing competition and escalating financial losses, he subsequently moved to join a venture capital company called Playground Global.
has concentrated on the upcoming developments in artificial intelligence
.
In March,
The board at Intel selected Tan to assume the leadership role.
He has been a tech industry leader and venture capitalist for many years and is associated with Gelsinger. Both have worked together at “Transforming the Bay with Christ,” a faith-driven non-profit organization based in the San Francisco region.
In 2022, Gelsinger brought Tan onto Intel’s board. However, Tan stepped down after two years, apparently due to his dissatisfaction with Intel’s expenditure rates and its complex hierarchical structure.
Two problems he has aimed to tackle since becoming CEO
.
—
Mike Rogoway
Covers Oregon’s tech industry and economic trends. Contact him at
[email protected]
or 503-294-7699.
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