€15 million in Series A funding was raised by Innatera, a Rijswijk, The Netherlands-based supplier of ultra-low power neuromorphic processors.
Invest-NL Deep Tech Fund, Matterwave Ventures, MIG Capital, the EIC Fund, and Delft Enterprises were among the backers.
The money will be used by the business to increase consumer interaction, diversify application offerings, and expedite mass production.
Under the leadership of CEO Sumeet Kumar, Innatera develops microprocessors that use a patented analog-mixed signal computing architecture to simulate the functions of the brain.
The Spiking Neural Processor T1, which they just released, offers sub-milliwatt power envelope signal processing and pattern identification.
Development of spiking neural networks inspired by the brain is made easier using the Talamo software development kit.
In response to the announcement, Sumeet Kumar stated: “With the Series-A investment, we’re one step closer to our goal of bringing intelligence to a billion sensors by 2030. I’m pleased with the progress our teams have made with the T1 and the apps we’ve developed in collaboration with partners and clients.”
About Innatera
A spin-off from the Netherlands’ Delft University of Technology is called Innatera. Originating from ten years of research on energy-efficient neuromorphic computing, it is the first in a new series of microprocessors designed to give sensors intelligence comparable to that of the brain. We are on a quest to make one billion sensors intelligent by 2030, supported by the top European deeptech venture capital firms, including Matterwave Ventures, MIG Capital, European Innovation Council, and Delft Enterprises. In our ideal future, technological gadgets will be a seamless part of daily life, improving the safety, cleanliness, and intelligence of the environment.
