NeuReality Raises $20M in Funding

NeuReality co-founders (left to right) Yossi Kasus, Moshe Tanach, Tzvika Shmueli (Photo: Business Wire)

NeuReality, a Tel Aviv, Israel-based AI Inference and data center infrastructure company, raised $20M in funding.

The round, which brought the total amount to $70M, was led by European Innovation Council (EIC) Fund, Varana Capital, Cleveland Avenue, XT Hi-Tech and OurCrowd, with participation from Cardumen Capital, Glory Ventures and Alumni Venture Group.

The company intends to use the funds to accelerate the deployment of its NR1™ AI Inference Solution to more customers and users — enabling it to shift faster from early deployment phase to growth in other markets, regions and generative AI.

Co-founded by Yossi Kasus, Moshe Tanach, and Tzvika Shmueli, NeuReality is an AI technology innovation company that creates purpose-built AI Inference system architecture, hardware, and software for current and future AI applications. Its technology transforms how companies operate daily AI inferencing with its holistic, ready-to-use NR1 AI Inference solution that supports limitless deep learning models and customer choice in hardware providers and open-source software.

NeuReality AI solutions are accessible for all governments and businesses large and small – with a set of industry partners to deliver and deploy.