ONNX

Efficient Computer Raises $97 Million at a $650 Million Valuation to Expand Electron E1 Processor Production

Efficient Computer raised $97 million in a Series B round led by TQ Ventures, increasing its valuation to $650 million and expanding production and shipments of its Electron E1 processor. The company aims to bring its energy-efficient architecture to data centers, claiming significant improvements in energy efficiency.