Mythic, a company working on AI processing hardware and software, has raised $30 million in Series B-1 funding. The investment was led by Valor Equity Partners, with additional new investors Future Ventures, Atreides, Micron Ventures, and Lam Research.

Existing investors SoftBank Ventures Asia, Threshold Ventures (formerly DFJ Venture), Lux Capital, DCVC (Data Collective), AME Cloud Ventures, and Lockheed Martin Ventures, invested in Mythic’s Series B round; bringing total funding raised in the Series B round to $70 million.

[Image courtesy: Mythic]