Bill Gates’ Fund Leads $110 Million Funding in Chip Upstart (1)

Bill Gates’ VC fund, Microsoft Corp.’s investment arm and Saudi Arabia’s Aramco Ventures are investing $110 million in Neurophos Inc., a chip company that aims to develop a new technology capable of outperforming accelerators used to run AI models.

The funding round was led by Gates Frontier, the venture investment arm of Microsoft’s co-founder, the company told Bloomberg News. Microsoft’s venture unit, M12, also participated in the round along with Aramco Ventures, the venture arm of Saudi Arabia’s state-owned oil producer. Other investors included Bosch Ventures, Tectonic Ventures and Space Capital.

Austin-based Neurophos is developing ...