Analog machine learning chip developer Aspinity has appointed Richard Hegberg as its new CEO.

Hegberg, who has previously worked at Vesper Mems, NetApp, SanDisk, and Qualcomm, will replace the company’s co-founder Tom Doyle who has held the position of CEO for the previous seven years.

Doyle will remain at the company as a board member and take on the role of chief operating officer.

– Aspinity

“Richard Hegberg’s track record in elevating companies with unique breakthrough technologies to billion-dollar revenues was a decisive factor in his selection,” said Doyle. “With his leadership, Aspinity is poised for significant growth in product development and IP, cementing its position as a leader in all-analog ML/AI processing.”

In February 2022, Aspinity launched its AML100 chip, a low-power analog machine learning chip that can natively process analog data. The company said Hegberg’s appointment will help drive Aspinity’s next phase of growth as the AML100 processor enters volume production.

“It has become clear to me that Aspinity’s technology and IP portfolio delivers unique sensing capabilities at near-zero power, utilizing the analog ML processor,” Hegberg said. “I look forward to helping the company scale while driving commercial success.”

Founded in 2015 and headquartered in Pittsburgh, Pennsylvania, Aspinity’s RAMP (Reconfigurable Analog Module Processor) technology combines analog processing with machine learning to deliver low power, high performance integrated AI solutions.

In September 2023, the company raised $5 million in Series B funding from investors including Anzu Partners, Birchmere Ventures, Mountain State Capital and Riverfront Ventures, bringing Aspinity’s total funding to more than $19m.