Innatera raises €15m for neuromorphic edge AI
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Dutch chip startup up Innatera has raised €15m for its neuromorphic edge AI technology.
The Series A round at Innatera is to scale up its production and broaden its customers for sensor-based edge AI applications using its neuropmorphic spiking neural network (SNN) technology.
The investment came from Invest-NL Deep Tech Fund, the EIC Fund, MIG Capital, Matterwave Ventures and Delft Enterprises.
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“With the sensors becoming more complex it’s a large volume of data which needs to be sent into the cloud, and this simply takes too long and costs too much. That’s the reason why more of the processing is coming close to the sensor,” said Sumeet Kumar, cofounder and CEO at Innatera.
The company says the chip can deliver energy savings of up to 500x with 100x shorter latency across a range of applications compared to a traditional CPU, DSP or conventional AI accelerator. It has shown demonstrations of radar and audio applications.
The design combines analog-mixed signal neuromorphic computing with a RISC-V processor core and support for accelerating traditional convolutional neural network (CNN) AI models.
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