Weber acquires smart cooking startup June

Outdoor cooking industry leader and famed Kettle grill-maker Weber has acquired June, the smart cooking startup founded in 2013 by Matt Van Horn and Nikhil Bhogal. While financial terms of the deal weren’t disclosed, Weber has confirmed that June will continue to operate as its own branded wholly owned by Weber-Stephen Products, and will continue to both sell and develop the June Oven and related products. Meanwhile, June co-founder Nikhil Bhogal will take on a role as SVP of Technology and Connected Devices across the Weber lineup.

Weber had already teamed up with June, with the startup providing the technology and expertise behind its Weber Connect smart grilling platform. That includes both the Weber Connect Smart Grilling Hub, which adds connected smart grill features to any grill, and the built-in smart cooking features on its SmokeFire line of wood pellet grills. That partnership began with a cold email Van Horn received in 2018 from then-Weber CEO and current Executive Chairman Jim Stephen, the son of the company’s original founder.

“He said he was a fan, he was a customer, and he couldn’t imagine a future without June technology powering every product in the Weber collection,” Van Horn told me in an interview. “I said, ‘Slow down –what are you talking about? Yeah, who are you?’ And he said ‘I’m flying out, I’ll be there Monday.'” I normally have my nice demo setup that I do, I’ll do like chocolate lava cake and a steak [in the June Oven]. So I got there about 15 minutes early to do that, and [Jim] was already sitting in the front steps of the office, ready to open the door for me – he’s like, ‘I don’t need a demo, I own this.'”

“His energy and, and ability to see things often before other people, it blew my mind,” Van Horn continued. “Soon after I met Chris [Scherzinger, Weber’s current chief executive], who was was joining as CEO, and was able to experience firsthand this, honestly very surprising and wonderful culture of this historic Weber brand.”

As mentioned, June became a partner to Weber and powered the connected cooking platform it debuted at CES last year. Weber also led June’s Series C funding round, a previously undisclosed final round of financing that Weber led in 2018 prior to this exit.

Van Horn will act as President of June under the terms of the new arrangement, and will continue to lead development of its current and future products. He said that Weber’s ability to help them with international scale and distribution, via their existing global footprint, was a big motivating factor in why June chose to join the now 63-year old company. But another key ingredient was just how much Weber proved to be a place where the company’s culture was still centered on customer focus and a love of food.

“Obviously why Nikhil and I started June was that we love food, and we love cooking,” Van Horn said. “And a lot of the principles of how we think about how products get made are a lot of Apple’s principles – a large percentage of the June team comes from Apple. We’ve obviously kind of brought that to a microscale with our small 60 person startup. But being able to work with this very eager Weber team, that’s just been really excited from the start has been pretty incredible.”

As for Weber, the company gains a software and technology team that was born out of the idea of approaching cooking from a tech-first perspective – and they intend to infuse that expertise throughout their product lineup, with an eye towards building on their legacy of quality and customer enthusiasm.

“Once you infuse the the software engineering, and the connected product design, and the machine intelligence expertise that you have, you get these core competencies or capabilities, but that really undersells it,” Scherzinger told me. “Matt put together a team of superstars, and and we just got a first-round draft pick [in June] that takes the Weber game to another level. That allows us to accelerate a significant number of initiatives, and you can, you can expect to see an expansion of what Weber Connect can become in terms of new experiences for consumers, new services, and new products, for sure, starting as early as 2021, and 2022.”

While Weber and June are not sharing specifics around the deal, as mentioned, Scherzinger did mentions that “Matt and his team and his investors all did handsomely.” June’s prior investors include Amazon Alexa Fund, Lerer Hippeau, First Round Capital, Promus Ventures, Industry Ventures, Eclipse Ventures and more.

Lux-backed Flex Logix announces availability of its fast and cheap X1 AI chip for the edge

In the computing world, there are probably more types of chips available than your local supermarket snack aisle. Diverse computing environments (data centers and the cloud, edge, mobile devices, IoT, and more), different price points, and varying capabilities and performance requirements are scrambling the chip industry, resetting who has the lead right now and who might take the lead in new and emerging niches.

While there has been a spate of new chip startups like Cerebras, SiFive, and Nuvia funded by venture capitalists in the past two years, Flex Logix got its footing a bit earlier. The company, founded in 2014 by former Rambus founder Geoff Tate and Cheng Wang, has collectively raised $27 million from investors Lux Capital and Eclipse Ventures, along with Tate himself.

Flex Logix wants to bring AI processing workflows to the compute edge, which means it wants to offer technology that adds artificial intelligence to products like medical imaging equipment and robotics. At the edge, processing power obviously matters, but so does size and price. More efficient chips are easier to include in products, where pricing may put constraints on the cost of individual components.

In the first few years of the company, it focused on developing and licensing IP around FPGAs, or reprogrammable chips that can be changed after manufacturing through software. These flexible chips are critical in applications like AI or 5G, where standards and models change rapidly. It’s a market that is dominated by Xilinx and Altera, which was acquired by Intel for $16.7 billion back in 2015.

Flex Logix saw an opportunity to be “the ARM of FPGAs” by helping other companies develop their own chips. It built customer traction for its designs with organizations like Sandia National Laboratory, the Department of Defense and Boeing. More recently, it has been developing its own line of chips called InferX X1, creating a hybrid business model not unlike the model that Nvidia will have after its acquisition of ARM clears through regulatory hurdles.

With that background out of the way, Flex Logix unveiled the availability of its X1 chip, which is currently slated to be offered at four speeds ranging from 533Mhz to 933Mhz. CEO Tate stressed on our call that the company’s key differential is price: those chips will be priced between $99-$199 depending on chip speed for smaller orders, and $34-$69 per chip for large-scale orders.

It’s a chip, alright. Ain’t a lot of great stock art. But here is the X1. Photo via Flex Logix.

The reason those chips are cheaper is that they are significantly smaller than competing chips from Nvidia in its Jetson chip lineup according to Tate, up to 1/7 the size. Smaller chips generally have lower costs, since each wafer in a chip fab can hold more chips, amortizing the cost of manufacturing over more chips. According to the company, its chips outperform Nvidia’s Xavier module, although independent benchmarks aren’t available.

“Every customer we talk to wants more processing power per dollar, more processing power per unit of power … and with our die-size advantage we can give them more for their money,” Tate explained.

Customer samples for these new chips are expected to arrive in the first quarter next year, with scale manufacturing in the second quarter.

The company’s plan is to continue both sides of its business and continue to grow and mature its technology. “Our embedded FPGA businesses is now, as a standalone, profitable. The amount of money we’re bringing in exceeds the engineering and business. And now we’re developing this new business for inference which ultimately should be a bigger business because the market is growing very fast in the inference space,” Tate explained.

The company’s board consists of Peter Hébert and Shahin Farshchi of Lux, Pierre Lamond at Eclipse, and Kushagra Vaid, a distinguished engineer at Microsoft Azure. The company is based in Mountain View, California.

Lux-backed Flex Logix announces availability of its fast and cheap X1 AI chip for the edge

In the computing world, there are probably more types of chips available than your local supermarket snack aisle. Diverse computing environments (data centers and the cloud, edge, mobile devices, IoT, and more), different price points, and varying capabilities and performance requirements are scrambling the chip industry, resetting who has the lead right now and who might take the lead in new and emerging niches.

While there has been a spate of new chip startups like Cerebras, SiFive, and Nuvia funded by venture capitalists in the past two years, Flex Logix got its footing a bit earlier. The company, founded in 2014 by former Rambus founder Geoff Tate and Cheng Wang, has collectively raised $27 million from investors Lux Capital and Eclipse Ventures, along with Tate himself.

Flex Logix wants to bring AI processing workflows to the compute edge, which means it wants to offer technology that adds artificial intelligence to products like medical imaging equipment and robotics. At the edge, processing power obviously matters, but so does size and price. More efficient chips are easier to include in products, where pricing may put constraints on the cost of individual components.

In the first few years of the company, it focused on developing and licensing IP around FPGAs, or reprogrammable chips that can be changed after manufacturing through software. These flexible chips are critical in applications like AI or 5G, where standards and models change rapidly. It’s a market that is dominated by Xilinx and Altera, which was acquired by Intel for $16.7 billion back in 2015.

Flex Logix saw an opportunity to be “the ARM of FPGAs” by helping other companies develop their own chips. It built customer traction for its designs with organizations like Sandia National Laboratory, the Department of Defense and Boeing. More recently, it has been developing its own line of chips called InferX X1, creating a hybrid business model not unlike the model that Nvidia will have after its acquisition of ARM clears through regulatory hurdles.

With that background out of the way, Flex Logix unveiled the availability of its X1 chip, which is currently slated to be offered at four speeds ranging from 533Mhz to 933Mhz. CEO Tate stressed on our call that the company’s key differential is price: those chips will be priced between $99-$199 depending on chip speed for smaller orders, and $34-$69 per chip for large-scale orders.

It’s a chip, alright. Ain’t a lot of great stock art. But here is the X1. Photo via Flex Logix.

The reason those chips are cheaper is that they are significantly smaller than competing chips from Nvidia in its Jetson chip lineup according to Tate, up to 1/7 the size. Smaller chips generally have lower costs, since each wafer in a chip fab can hold more chips, amortizing the cost of manufacturing over more chips. According to the company, its chips outperform Nvidia’s Xavier module, although independent benchmarks aren’t available.

“Every customer we talk to wants more processing power per dollar, more processing power per unit of power … and with our die-size advantage we can give them more for their money,” Tate explained.

Customer samples for these new chips are expected to arrive in the first quarter next year, with scale manufacturing in the second quarter.

The company’s plan is to continue both sides of its business and continue to grow and mature its technology. “Our embedded FPGA businesses is now, as a standalone, profitable. The amount of money we’re bringing in exceeds the engineering and business. And now we’re developing this new business for inference which ultimately should be a bigger business because the market is growing very fast in the inference space,” Tate explained.

The company’s board consists of Peter Hébert and Shahin Farshchi of Lux, Pierre Lamond at Eclipse, and Kushagra Vaid, a distinguished engineer at Microsoft Azure. The company is based in Mountain View, California.