In a Series A funding round, Dutch nanotech company Innatera has raised USD 21 million. This includes USD 16 million raised in March 2024, with participation from existing investors like EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises, and an additional USD 5 million led by Innavest and InvestNL.
The funds will accelerate the mass production of Innatera's Spiking Neural Processor T1, an ultra-low-power neuromorphic processor unveiled in January 2024 for sensor-edge AI applications.
Innatera's neuromorphic processors enable energy-efficient AI computation at the sensor Edge, claiming to consume 500x less power and operate 100x faster than conventional processors. The company aims to bring its processors to 1 billion devices by 2030.
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