Spurned by VCs, a Chip Startup Turns to Kickstarter

The Adapteva Epiphany-IV 64 core RISC microprocessor chip consumes less than two watts running at maximum power and is smaller than a penny. Photograph Courtesy Adapteva

Andreas Olofsson, the founder and chief executive of Adapteva, had a problem. He had built a computer chip that could deliver the horsepower of a supercomputer on a smartphone or a tablet. His Epiphany chip design was manufactured and then placed on circuit boards used by the military, but at $10,000 for a board, most businesses and the consumer electronics market wouldn’t touch them.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.