Chip startup founded in Princeton lab raises $21.7 million

EnCharge AI, a chip startup founded at a Princeton University lab, raised $21.7 million. CEO and Co-founder Naveen Verma, who is a professor of electrical and computer engineering at Princeton, said its first products will be cards that can be slotted into server racks for companies to run artificial intelligence applications. The latest funding round was led by Anzu Partners.