NeuroBlade, a Hod-Hashron, Israel-based startup startup developing an AI inference chip for data centers and end-devices, closed a $23m Series A financing round.
The round, which brought total funding raised to date to $27.5m, was led by Marius Nacht, with participation from new investor Intel Capital and existing backers StageOne Ventures and Grove Ventures.
The company intends to use the funds to scale operations and expand its dev efforts to bring its AI chip to market.
Founded in 2017 by Elad Sity, CEO, and Eliad Hillel, VP Product Strategy and CTO, NeuroBlade builds high performance solutions for the AI market while lowering costs and power consumption. Its small size chip is designed to to meet the specific needs of AI workloads and run AI algorithms targeted at servers, laptops, cars, and camers.
The company’s chip solution, paired with a complete end-to-end SW stack, enables businesses to increase the efficiency and affordability of their devices from edge to datacenters.