Memory compression IP startup raises €3.2 million

Memory compression IP startup raises €3.2 million

Business news |
By Peter Clarke

Memory compression IP licensor ZeroPoint Technologies AB (Gothenburg, Sweden) has raised a €3.2 million seed round of funding.

The company was founded in 2015 by Professor Per Stenström and Angelos Arelakis PhD as a spin out from Chalmers University of Technology. It claims that its memory compression IP can reduce energy consumption in datacenters by more than 25 percent and improve performance per watt by up to 50 percent.

The money is being provided by climate tech investor Climentum Capital, Nordic VC Industrifonden, Chalmers Ventures, and present shareholders, to finance the company in 2023 and beyond. It will be used to expand the company’s international presence take products to market, ZeroPoint said.

ZeroPoint said its technology strives to remove redundant memory instances by combining data compression with real-time data compaction and transparent memory management. The IP block is easy to integrate with industry-standard on-chip bus protocols, it added.

“Memory bottlenecks are a tremendous challenge for semiconductor developers, and we mitigate this challenge by doubling main memory capacity and memory bandwidth. Systems with ZeroPoint technology are environmentally friendly and financially effective. By putting unused memory to work we can deliver up to 50 percent more performance per watt,” said Klas Moreau, CEO of ZeroPoint Technologies, in a statement.

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