NeuReality, an Israeli startup specializing in AI-centric system architecture, secured USD 20 million in funding. The European Innovation Council (EIC) Fund led the round, which also included contributions from other investors, such as Varana Capital, Cleveland Avenue, XT Hi-Tech, and OurCrowd. This recent financing brings the company's total funding to USD 70 million.

The newly secured funds will be used to accelerate the deployment of NeuReality’s NR1AI Inference Solution. The aim is to expedite the company's transition from the initial deployment stage toward scaling into other markets and exploring other GenAI avenues.

NeuReality's innovative AI Inference Solution is said to challenge the limitations of traditional CPUs, GPUs, and NICs systems and claims to generate considerable performance improvements, cost savings, and energy efficiency.

NeuReality is a semiconductor startup specializing in designing infrastructure for AI-as-a-service. It focuses on solving challenges arising from the expanding use of AI across cloud, edge, and fog systems. The company designs AI-centric system platforms, enabling businesses to execute GenAI applications, train large language models (LLMs), and avoid undue investments due to insufficiently utilized GPUs.