Architect Labs raises $24 million to take on Broadcom, Marvell custom chip business

Architect Labs said on Thursday it had raised $24 million in seed funding to build a company that will use artificial intelligence to speed and ease the design of custom chips.

American chip giant Broadcom and its smaller rival Marvell help design custom AI and ‌other general-purpose computing ⁠chips for ⁠cloud computing companies like Amazon and Alphabet’s Google. The custom chips designed by Marvell and Broadcom generate tens of billions of dollars in revenue and offer an alternative to Nvidia’s powerful hardware.