Tendrils Compute

“Benchmark has won out in a hot competition to lead a new funding round for early-stage chip startup Tendrils Compute... Sources say that the company is already discussing a fast follow-up raise that would potentially value the firm at more than $1 billion.”

“The Tendrils deal is the latest in a wave of big VC bets on chips, marking the revival of the sector that gave Silicon Valley its name but has long been out of favor as investors focused on software and networking.”

“The small Tendrils team... is betting that general-purpose chips based on an obscure graph-based computing model called interaction nets will let it scale without the coordination and cost problems associated with contemporary multi-core CPUs.”