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Mythic

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Developing a breakthrough platform for deploying artificial intelligence on any device

Austin, United StatesFounded 2012Semiconductors

Valuation $500M–1B Latest valuation · 2025

Revenue $10–50M Latest reported FY

Headcount <100 Current team size

Total funding $100–500M Disclosed equity funding

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About Mythic

Mythic.ai is a startup that operates in the artificial intelligence (AI) industry, specifically focusing on edge AI applications. The company develops power-efficient Analog Matrix Processors, which are designed to run AI inference in real-world environments. This technology is particularly useful for edge devices and servers, which require high performance and power efficiency.

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The company's flagship product is the M1076 Analog Matrix Processor, a single chip that delivers up to 25 Tera Operations Per Second (TOPS). This high level of performance makes it suitable for high-end edge AI applications. In addition, Mythic.ai also offers the MP10304 Quad AMP PCIe card, which further enhances the performance and power efficiency of AI inference for edge devices and servers.

Mythic.ai's business model revolves around the sale of these processors and cards to clients who require high-performance, power-efficient AI solutions. These clients could range from tech companies to businesses that rely heavily on data processing and AI applications.

The company is headquartered in Redwood City, California, with an additional office in Austin, Texas. It is led by CEO and co-founder Mike Henry, and its team comprises experts from various disciplines, including machine learning, AI, software engineering, and processor architecture.

In summary, Mythic.ai is a promising startup in the AI industry, offering innovative solutions for power-efficient, high-performance AI processing.

Source: Dealroom company data

At a glance

Status: Operational
Founded: 2012
Headquarters: Austin, United States
Employees: 80
Open positions: 2
Dealroom signal: 93.1/100
Sector: Semiconductors, Core AI, Semiconductor Designers and Manufacturers, Chips and Processors, AI Chips and Processors, Data Centers, AI Applications
Technology: Artificial Intelligence, Deep Tech, Machine Learning, Nanotech, IoT InternetOfThings
Business model: Manufacturing, SaaS
Client focus: b2b
Links: Website LinkedIn X

Latest news

Press, funding announcements and product moves mentioning Mythic.

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Funding history

9 recorded events

Company financing events and reported valuations.

Deal type	Date	Amount	Valuation	Investors	Source
LATE VCOther financing	Dec 2025	$125M	$500M	NEA · Catapult · Atreides · DCVC	↗
LATE VCOther financing	Mar 2023	$13M	$350M	DCVC · Atreides Management · Hermann Hauser Investment · Lux Capital	↗

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Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

Year	Revenue	Growth
2026
2025
2024		—

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Growth signals

Mythic website traffic

Latest recorded traffic for Mythic is 21K monthly website visits, down 4.5% over the last three months. Mythic's team grew 29% over the past year.

Latest monthly visits21K 3-month web change-4.5% 1-year team growth+29%

Monthly website visitsOct 2017–Jul 2026

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Open positions

Openings linked to this company in Dealroom

Principal Camera & Sensor Applications EngineerPalo Alto, CA · Data Science & Engineering · Sep 6, 2026 EDA / CAD EngineerAustin, TX · Other · Sep 6, 2026 System AdministratorHannover, Lower Saxony, Germany · Backend Development · Aug 31, 2026 Director, IT & DevOpsPalo Alto, CA · DevOps · Aug 30, 2026 Executive Assistant & Office Manager (Bangalore)Bengaluru, Karnataka, India · Human Resources · Aug 1, 2026 Executive Assistant Office ManagerBengaluru, Karnataka, India · Human Resources · Jul 30, 2026 Sr. RecruiterPalo Alto, CA · Human Resources · Jul 29, 2026 VP, MarketingPalo Alto, CA · Marketing & Communication · Jul 29, 2026

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Closest operating peers by Dealroom taxonomy

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AAAxelera AIAI hardware and software platform for edge inference.	Eindhoven, Netherlands	Operational
SYSyntharaIn-memory computing IP for energy-efficient embedded AI	Zurich, Switzerland	Operational
HAHabanaPurpose-built AI processors for deep learning workloads	Caesarea, Israel	Acquired