A €5 million Series A fundraising round was secured by Gothenburg, Sweden-based ZeroPoint Technologies, a memory compression technology firm.
Investors
- Matterwave Ventures
- Industrifonden
- Climentum Capital
- Chalmers Ventures
Use of funds
The business plans to utilize the money to expand its teams in Sweden and the US, increase the sales of its current products, and introduce more hardware-accelerated memory solutions to the market.
These days, ZeroPoint collaborates on technical assessments and product implementation initiatives with top industry players.
About ZeroPoint
ZeroPoint Technologies, a spinout from Chalmers University of Technology in Gothenburg, Sweden, was founded by Professor Per Stenström and Dr. Angelos Arelakis. Under the direction of CEO Klas Moreau, the company has developed an IP memory compression domain portfolio with the goal of providing the most effective memory compression possible, in real-time. The company’s intellectual property has already been validated on a TSMC 5nm node, and the technology is independent of data load, processor type, architectures, memory technologies, and processing nodes.
