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- Former Intel (NASDAQ:INTC) CEO Pat Gelsinger said on Monday that he is backing Snowcap Compute as part of a $23M seed round, with the company aimed at superconducting artificial intelligence processors.
- “Excited to share the launch of Snowcap Compute, a company building the first commercially viable superconducting compute platform, backed by a $23M seed round led by @Playground_VC,” Gelsinger wrote in a post on X. “This marks my first public investment as General Partner at Playground, and I couldn’t be more thrilled to support a team that’s redefining the performance frontier for computing – classical, AI and quantum – the trinity of computing will all benefit from superconducting and Snowcap!”
- Gelsinger will also join Snowcap’s board of directors, he added. Gelsinger retired from Intel in December 2024 and was replaced on an interim basis by co-CEOs David Zinsner and Michelle Johnston Holthaus. In March, Intel announced that former board member Lip Bu-Tan would take over for Gelsinger on a permanent basis.
- Snowcap is being led by CEO Mike Lafferty, Chief Science Officer Anna Herr, Chief Technical Officer Quentin Herr and Chief Product Officer Cameron Rogers.