A Seasoned Technology Industry Executive Joins Wave’s Management Team To Drive Expansion of Its AI-Enabled Licensing, Solutions and Ecosystem

CAMPBELL, Calif., December 3, 2018 – Wave Computing®, the Silicon Valley company that is accelerating artificial intelligence (AI) from the cloud to the edge, today announced the appointment of Art Swift as President of the company’s MIPS licensing business. Swift is a recognized industry executive who has held C-level positions at high-technology companies, international industry consortiums and open-source foundations. He brings to Wave deep domain experience in the semiconductor, processor Intellectual Property (IP), and machine learning (ML) industries – including prior experience with MIPS. Reporting to Derek Meyer, Wave’s Chief Executive Officer, Swift will lead all aspects of the company’s fast-growing MIPS licensing business, including delivery of an AI-enabled IP roadmap that will be available for licensing in early 2019.

Most recently, Swift was the Vice Chair of the RISC-V Foundation’s Marketing Committee, as well as Vice President of Marketing and Business Development for Esperanto Technologies. He is also the President of the prpl Foundation, an international organization of leading technology companies that promotes the development of open source software for embedded computing. Swift will maintain his leadership position with the prpl Foundation, in which Wave is a sponsor and board member through the MIPS acquisition. Swift’s prior experience also includes executive roles at CUPP Computing, MIPS Technologies, Unidym Corporation, Transmeta and Sun Microsystems. He is a co-inventor of three U.S. patents, and holds a B.S. in electrical engineering from Pennsylvania State University.

“Art joins Wave at an exciting time,” said Meyer, Wave’s CEO. “Our momentum and market opportunities continue to build as the industry’s desire for AI solutions spanning from cloud to the edge has never been stronger. Art is an excellent addition to our leadership team and brings a wealth of experience developing products, customer relationships, and ecosystem partnerships. As another MIPS veteran, his insights and contributions to our licensing business will help accelerate our enablement of new customer chips with MIPS and AI.”

“Wave’s strategic vision and compelling roadmap of AI solutions are a true game changer,” said Swift. “Combining Wave’s AI technology with the MIPS RISC architecture will enable new types of semiconductor products, and I’m thrilled to be part of the management team that is driving a new ‘wave’ of innovation.”

About Wave Computing

Wave Computing, Inc. is the Silicon Valley company that is revolutionizing AI with its dataflow-based architecture, systems and solutions. The company’s vision is to “follow the data” and bring deep learning to customers’ data wherever it may be—from the datacenter to the edge of the Cloud.Wave is powering the next generation of AI by combining its dataflow architecture with its MIPS embedded RISC multi-threaded CPU cores and IP. Offering its solutions to customers globally, Wave Computing has been named Frost & Sullivan’s 2018 “Machine Learning Industry Technology Innovation Leader,” and has been recognized by CIO Application Magazine’s as one of the “Top 25 Artificial Intelligence Providers.” Combined with MIPS, Wave now has over 400 granted and pending patents.