Minima Processor, an Espoo and Oulu, Finland-based low power subtreshold energy efficiency startup, received €1.6m in equity funding.
Backers included CFT Nordic Capital Ltd, VTT Ventures Ltd and private investors.
Developed by VTT Technical Research Centre of Finland Ltd, Aalto University and the University of Turku, the company offers technology which makes digital computing more energy efficient than current technology.
The patented technology – which can be used in almost all devices utilizing digital computing adding to integrated digital computing microchips before manufacturing – is based on the optimization of microprocessors’ operating points.
Founded in April 2016 and led by CEO Toni Soini and CTO Lauri Koskinen, Minima delivers and licences its technology to other semiconductor companies, which then integrate it into their products. In the initial phase, the company is targeting energy saving solutions for data processing in IoT devices.
In the future, operations will be expanded into other market areas.
Minima has also been supported by Tekes the Finnish Funding Agency for Innovation.