A year ago, Lexington microchip startup Adapteva scraped up nearly $900,000 a few dollars at a time through an Internet crowdfunding campaign. On Thrusday the company scored a much larger chunk of change, $3.6 million, from Israeli venture capital firm Carmel Ventures, and the Swedish telecommunications giant Ericsson, one of the world’s leading makers of cell phone network equipment.
Adapteva will use the funds to contine development of a high-powered chip for next-generation cell phones. The company’s Epiphany processor contains as many as 64 computing cores, compared to the two- or four-core chips found in today’s smartphones. The Epiphany is designed for very low power consumption, to extend battery life in mobile devices.
Hiawatha Bray can be reached at email@example.com.