Snowcap Compute Raises $23M for Superconducting AI Chips

Snowcap Compute, an AI startup developing superconducting chips, has raised $23 million in seed funding led by Playground Global, with investors including Cambium Capital and Vsquared Ventures. The company aims to build AI processors that deliver 25 times better performance-per-watt than current chips, despite the energy needed for cryogenic cooling, addressing the rising power consumption challenges faced by data centers. Former Intel CEO Pat Gelsinger has joined Snowcap's board and Playground Global as a General Partner, lending his expertise to accelerate the development of this next-generation computing platform. Snowcap's superconducting technology enables electricity to flow with zero resistance, promising dramatic gains in speed and energy efficiency crucial for AI, quantum computing, and high-performance computing workloads. The startup's leadership team includes renowned researchers and veterans from major tech companies, positioning Snowcap to push beyond conventional CMOS technology limits. This innovation comes at a time when demand for computing power is surging while power grids struggle to meet energy requirements, highlighting a growing industry focus on sustainable, energy-efficient hardware solutions.