SOURCE: Lyric Semiconductor, Inc.

Lyric Semiconductor, Inc.

February 24, 2011 08:01 ET

Lyric Semiconductor Named in Technology Review's 2011 TR50 List of the World's Most Innovative Companies

CAMBRIDGE, MA--(Marketwire - February 24, 2011) - Lyric Semiconductor, a DARPA and venture-funded MIT spin-out whose cutting-edge "probability processing" technology is poised to deliver a fundamental change in processing capabilities, speed, and power consumption, today announced its inclusion in the 2011 TR50, Technology Review's annual list of the world's most innovative technology companies. Lyric is being recognized for its development of probability processing, which was first announced in August of 2010 with its first commercial application, Lyric Error Correction (LEC™) for flash memory.

In selecting the TR50, the editors of Technology Review look for companies that are setting the agenda in an increasingly important market, on the verge of disrupting an established market, or creating an entirely new market. Spanning energy, computing, the Web, biomedicine, and materials, the companies on the list are using their inventions to reshape their industries and to transform how we live.

"Lyric Semiconductor's innovative microprocessors, which rely on probabilities rather than binary 0s and 1s, could speed up important applications, such as fraud analysis and machine vision," says Jason Pontin, editor in chief and publisher of Technology Review.

Lyric's probability processing technology, which was conceived at MIT and spent over a decade in development, calculates in a completely new way, enabling orders-of-magnitude improvement in processor efficiency. LEC for flash memory is the first commercial application of probability processing. It offers a 30X reduction in die size and a 12X improvement in power consumption all at higher throughput compared to today's digital solutions.

And this is only the beginning. Working with DARPA, Lyric is planning the GP5 -- general-purpose programmable probability processing platform. The GP5 will be ideally suited to calculate probabilities for all types of applications -- from web searches to genome sequencing -- and will enable performance gains of over 1,000X compared to today's digital processors like those from Intel and AMD. 

"Probability processing rethinks computer design from the ground up to handle the computing challenges inherent in considering multiple possibilities given noisy, incomplete, or ambiguous data," says Ben Vigoda, CEO, Lyric Semiconductor. "We have had the exciting opportunity to create an organization to bring world class research to market in cutting edge products, so we are proud to see our efforts recognized, as well as to be included alongside so many great companies."

Lyric Semi and the other companies included in the 2011 TR50 will be featured in the March/April edition of Technology Review. The complete list of 2011 TR50 companies is posted on the Web at http://www.technologyreview.com/companywatch/tr50/.

About Technology Review, Inc.
Technology Review is an independent media company owned by the Massachusetts Institute of Technology (MIT). More than two million people around the globe read our publications, in five languages and on a variety of digital and print platforms. We publish Technology Review magazine, the world's oldest technology magazine (established 1899); daily news, analysis, opinion, and video; and Business Impact, which explains how new technologies are transforming companies, disrupting markets, or creating entirely new industries. We also produce live events.

About Lyric Semiconductor, Inc.
Lyric Semiconductor is a fabless semiconductor company founded in 2006 by MIT Ph.D. Ben Vigoda and semiconductor industry veteran David Reynolds, and is located in Cambridge, Mass. Lyric's probability processing technology was first envisioned by Vigoda at MIT. Lyric's lead investor and chairman of the board is Ray Stata, founder and 20-plus year CEO of Analog Devices and lead partner of Stata Venture Partners. Lyric currently employs 30 people and has received more than $20 million in government funding from DARPA and other agencies as well as venture investment from Stata Venture Partners. Lyric Semiconductor maintains a growing IP portfolio of 70 fundamental patent filings in the field of probability processing. More information on the company and its probability processing technology can be found at www.lyricsemiconductor.com.

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