GrAI Matter Labs, a Paris, France-based brain inspired ultra-low latency computing company, raised $14m in funding.
The round was led by iBionext, joined by all existing investors and new Bpifrance through the Future Investment Program and Celeste Management.
The company intends to use the funds to accelerate design and market launch of its GrAI® full-stack AI system-on-chip platform.
Led by Ingolf Held, CEO, GrAI Matter Labs provides ultra-low power, fully programmable neuromorphic computing for sensor analytics and machine learning – powered by brain-inspired technology. Its programmable NeuronFlow™ technology enables inference latency efficiently. Its current accelerator chip GrAI One and the GrAI One HDK are available for product evaluation and application programming. The upcoming GrAI® full-stack AI system-on-chip platform will drive a significant step in visual inference capabilities in robotics, industrial automation, AR/VR and surveillance products and markets.
Founded in 2016 as Brainiac within the iBionext Start-up Studio in Paris by Ryad Benosman, Bernard Gilly, Giacomo Indiveri, Xavier Lagorce, Sio-Hoi Leng, Bernabe Linares-Barranco and Atul Sinha, the company has offices in Paris / France, in Eindhoven / The Netherlands and in San Jose / CA.