# Lola Vision plans to license AI software for existing chips

_Published Monday, October 5, 2026 at 11:12 AM EDT · AI, Capital · Latest · Tier 2 — Notable_

![Lola Vision plans to license AI software for existing chips — Primary](https://techcrunch.com/wp-content/uploads/2026/09/GettyImages-2248111953.jpg?resize=1200,600)

Lola Vision Systems will license its software for existing hardware to generate revenue before its own chips become available, founder Tayo Adesanya told TechCrunch. The software translates a customer's code and AI model into instructions that the customer's chip can execute, supporting models that are custom-built or open source.

The company says it has one signed customer and a dozen corporate customers that have signed letters expressing interest in buying its chips once available. Adesanya said Lola Vision has raised just over $1 million in total funding.

## Sources

- [TechCrunch](https://techcrunch.com/2026/10/05/lola-vision-systems-is-trying-to-make-it-easier-to-run-ai-models-on-chips/)

---
Canonical: https://techandbusiness.org/newswire/yDNQu2tO8TZ0Xl_YR8yXmO
Published: 2026-10-05T15:12:07.038Z
Story chronology: 2026-10-05T15:00:00.000Z
Retrieved: 2026-10-05T16:50:49.792Z
Publisher: Tech & Business (techandbusiness.org)