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| UST, KITVEN invest in Calligo Technologies | | | UST and KITVEN Fund have jointly invested in Calligo Technologies to provide long-term capital to early and growth-stage startups in Karnataka in specific focus areas to enable them to build competitive products and solutions.
The vision of this joint venture is to provide long-term capital to early and growth-stage start-ups in Karnataka in specific focus areas to enable them to build competitive products and solutions.
Karnataka IT Venture (KITVEN) CEO A T Jayakumar said in a statement that the company was thrilled to invest in Calligo and aid their product development in accelerating HPC and AI workloads.
UST's Gilroy Mathew said the joint effort to develop CRISP-based SoC will transform the company to build more innovative AI and HPC Silicon Chipsets for its worldwide customers.
UST and Calligo believe that posit was a game-changing, disruptive invention at a grass-root level that can create new standards for computing, Mathew said.
Posit Numeric Unit (PNU) takes less circuitry than IEEE FPU and gives a lot better accuracy, higher dynamic range and entropy per bit, thus allowing the replacement of 64-bit floats with 32-bit posit safely in many cases, he said.
By 2023, the world of computing devices is expected to grow exponentially from 10 to 25 billion, primarily due to the high demands in the market segments like mobile, automotive, embedded and IoT, Mathew said.
TUNGA SoC will be able to power these segments from edge to data centre, he added.
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