Innatera, the trailblazer in ultra-low power neuromorphic processors, has announced the successful closure of an oversubscribed Series A funding round, attracting a cumulative $21 million. This substantial investment includes the initial $16 million secured in March 2024 and an extra $5 million from latest investors. Leading this round were Innavest and InvestNL, joining existing investors EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises.
The corporate’s CEO, Sumeet Kumar, expressed his excitement over the strong investor support, highlighting the revolutionary potential of Innatera’s neuromorphic processors. “” Kumar stated. The funds will speed up Innatera’s journey towards mass production, aiming to fulfill the growing demand for energy-efficient computing solutions and bringing intelligence to a billion devices by 2030.
Innatera’s flagship product, the Spiking Neural Processor T1, introduced in January 2024, represents a big advancement in energy-efficient AI for sensor-edge applications. This processor integrates a proprietary event-driven computing engine with a traditional CNN accelerator and RISC-V CPU, creating a flexible platform for ultra-low power AI in battery-powered devices. The T1 processor has demonstrated its capabilities across various applications, including wearables, smart home devices, and consumer electronics.
The demand for differentiated, energy-efficient AI solutions at the sting is growing rapidly, driven by the expanding sensors market and environmental sustainability concerns. Innatera’s approach addresses these needs by offering an progressive analog-mixed signal neuromorphic architecture. This architecture enables real-time evaluation of sensor data with minimal power dissipation and latency, making it ideal for always-on scenarios.
The Series A funding can even support the corporate’s goal of initiating high-volume production of the Spiking Neural Processor T1 by Q2 2025. This advancement is crucial as vendors develop true edge AI applications independent of the cloud, driven by power constraints, privacy, and latency concerns.
Kjelle Blom, managing partner of Innavest, praised Innatera’s impressive track record and the potential of its neuromorphic technology. Blom said.
Further bolstering its growth, Innatera has appointed Duco Pasmooij, former VP at Apple, to its advisory board. Pasmooij emphasized the importance of silicon innovations just like the Spiking Neural Processor T1 for unlocking value in the buyer electronics space, expressing his enthusiasm to advise Innatera’s executive team.
Born from a decade of research at Delft University of Technology, Innatera pioneers energy-efficient neuromorphic computing. The corporate is devoted to creating the world smarter, safer, and cleaner through its progressive microprocessors that bring brain-like intelligence to sensors. Backed by leading European deeptech VCs Matterwave Ventures, MIG Capital, European Innovation Council, and Delft Enterprises, Innatera is on a mission to make a billion sensors intelligent by 2030.
Innatera’s Spiking Neural Processor family offers ultra-low power, high-performance pattern recognition on the sensor edge, enabling real-time evaluation of sensor data with sub-milliwatt power dissipation and sub-millisecond latency. This technology is crucial for pervasive sensing tasks in applications corresponding to audio interfaces, touch-free interfaces, presence detection, activity recognition, and ECG signal processing.
The corporate’s vision extends beyond technological innovation, specializing in making a seamless integration of electronic devices into day by day life. Innatera believes in the facility of technology to unravel pressing challenges related to climate, safety, and accessibility, guided by a robust set of values that emphasize innovation, customer value, growth mindset, look after people, teamwork, and competitiveness.
For more information on Innatera’s groundbreaking technology, visit innatera.com.
