Texas-based Mythic "ran out of runway with the investors before we could get to revenue," said Ty Garibay, the startup's vice president of engineering, in a Tuesday LinkedIn post.Mythic has pitched its AMP chips as the best option for edge AI devices in a variety of markets, arguing that the digital chips made by most AI chip designers can't keep up with the "demanding requirements of size, performance, and power consumption."- Startups bag billions to fill gaps left by chip world giants- AI caramba, those neural networks are power-hungry: Counting the environmental cost of artificial intelligence- Intel takes on AMD and Nvidia with mad 'Max' chips for HPC- Chipmakers are crippling products to evade US China banBy using analog chips instead of digital chips, Mythic was able to take the concept of "compute-in-memory to an extreme" and "compute directly inside the memory array itself," according to the company."I am extremely proud of what our team achieved in taking a concept that almost everyone else in the industry thought was impossible to implement and building it in to a real working silicon product," he said.As of last year, Mythic had raised a total of $165.2 million from investors, which included Hewlett Packard Enterprise and New York investment giant BlackRock."