NeuReality Raises $35M in Series A Funding


NeuReality, a Caesarea, Israel-based AI hardware startup, raised $35M in Series A funding.

The round, which brings total funding to $48M, was led by Samsung Ventures, Cardumen Capital, Varana Capital, OurCrowd and XT Hitech, with participation from SK Hynix, Cleveland Avenue, Korean Investment Partners, StoneBridge, and Glory Ventures.

The company intends to use the funds to support its plans to start deploying its Inference solutions in 2023.

Led by CEO Moshe Tanach, NeuReality is an AI hardware startup which specializes in the next generation of AI inferencing platforms. The company uses a new type of Network Addressable Processing Units (NAPU) optimized for deep learning inference use cases such as computer vision, natural language processing, and recommendation engines. The system is built for optimized deployment in data centers and near-edge on-premises locations in need for higher performance, lower latency, and higher efficiency compared to existing technologies.

NeuReality had already reported its close collaboration with AI ecosystem partners and customers such as IBM, AMD, and Lenovo.

The company was co-founded by:

  • CEO Moshe Tanach, formerly Director of Engineering at Marvell and Intel and AVP R&D at DesignArt-Networks (acquired by Qualcomm); 
  • VP Operations Tzvika Shmueli, formerly VP of Backend at Mellanox Technologies and VP of Engineering at Habana Labs; and 
  • VP VLSI Yossi Kasus, formerly Senior Director of Engineering at Mellanox and the head of VLSI at EZChip.

The company’s leading team also includes CTO Lior Khermosh, former co-founder and Chief Scientist of ParallelM and a fellow at PMC Sierra.