Snowcap Compute Raises $23 Million Led by Playground Ventures, Pat Gelsinger Joins Board to Build First Commercial Superconducting AI Chips

Snowcap Compute, a startup developing superconducting AI chips, has raised $23 million in a seed funding round led by Playground Ventures. The company aims to create cryogenic hardware that offers substantially faster and more energy-efficient AI computation compared to current systems. The startup's co-founders, Anna and Quentin Herr, have described their technology as compact enough to fit a data center into a shoebox. Former Intel CEO Pat Gelsinger has joined Snowcap Compute's board and announced this as his first public investment as a General Partner at Playground Ventures. The funding will support Snowcap Compute's efforts to build the first commercially viable superconducting compute platform.