The Series A extension was led by investors Innavest and InvestNL, who join existing investors including EIC Fund, MIG Capital, Matterwave Ventures and Delft Enterprises.
“Innatera’s latest offering is radical in terms of its architecture and its efficiency,” says CEO Sumeet Kumar, “this Series A funding will accelerate our journey towards mass production”
Innatera’s flagship product, the Spiking Neural Processor T1, unveiled in January 2024, incorporates Innatera’s proprietary event-driven computing engine alongside a conventional CNN accelerator and RISC-V CPU.
The T1 claims to deliver sensor agnostic ultra-low power AI in battery powered devices in wearables, smart home, and consumer electronics applications.
The Spiking Neural Processor is slated to enter production later in 2024, with high-volume deliveries starting in Q2 of 2025.
For more: innatera.com.
