ZeroPoint Technologies Closes €5M Funding Round

ZeroPoint Technologies

ZeroPoint Technologies, a Gothenburg, Sweden-based memory compression technology company, raised €5M in Series A funding.

The round was led by Matterwave Ventures. Additionally, Industrifonden served as the local lead for this round. Other existing investors participating included Climentum Capital and Chalmers Ventures.

The company intends to use the funds to scale sales of existing products, bring additional hardware-accelerated memory products to market, and grow its existing teams in Sweden and the United States.

Founded by Professor Per Stenström and Dr. Angelos Arelakis, and led by CEO Klas Moreau, ZeroPoint Technologies is a spinout from Chalmers University of Technology in Gothenburg, Sweden, that has developed an IP memory compression domain portfolio aiming to deliver the most efficient memory compression available, in real-time. The technology is agnostic to data load, processor type, architectures, memory technologies and processing node, and the company’s IP has already been proven on a TSMC 5nm node.

Today, ZeroPoint works with industry leaders on product implementation projects and technical evaluations.