Innatera, a Rijswijk, The Netherlands-based provider of ultra-low power neuromorphic processors, raised €15M in Series A funding.
Backers included Invest-NL Deep Tech Fund, the EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises.
The company intends to use the funds to accelerate mass production, broaden application offerings, and expand customer engagements.
Led by CEO Sumeet Kumar, Innatera provides microprocessors that mimic the brain’s processing mechanisms, utilizing a proprietary analog-mixed signal computing architecture. They recently launched the Spiking Neural Processor T1, boasting signal processing and pattern recognition within a sub-milliwatt power envelope. The Talamo software development kit simplifies brain-inspired spiking neural network development.
Commenting on the news, Sumeet Kumar said: “We’re on a mission to bring intelligence to a billion sensors by 2030, and the Series-A investment takes us a step closer to our target. I’m proud of what our teams have been able to accomplish with the T1 and the applications we’ve built with our customers and partners.”
FinSMEs
19/03/2024