NeoLogic raises $8m for Quasi-CMOS processor
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Israeli startup NeoLogic has raised $8m to develop its Quasi-CMOS technology that builds processors with a third the number of transistors.
NeoLogic has developed a chip design technology it calls Quasi-CMOS that reduces the transistor count of a microprocessor by up to a third of its originally designed number of transistors. The technology makes it possible to develop processors of higher computing power and more energy-efficient while significantly reducing the cost.
NeoLogic was founded in 2021 by Dr. Avi Messica as CEO and Ziv Leshem as CTO, both of whom have decades of experience in R&D and management of microprocessors design and fabrication. It employs 13 employees and is currently recruiting additional employees.
Messica previously served as a device group manager at Tower Semiconductors and has hands-on experience in the design and fabrication of CMOS devices. He also served as VP of Engineering at Shellcase and founded and served as the CEO of three semiconductor companies developing image sensors, MEMS-based optical switches and photonic chips.
The seed round for the Quasi-CMOS development was led by Maniv Mobility venture capital fund with lool Ventures and M-Ventures and the company is also supported by the Israeli Innovation Authority to address the accelerating workloads of artificial intelligence tasks, machine learning and video processing in data centres and at the edge.
“The processor market for data centres is currently estimated at $110bn. In the near future, AI accelerators will make up a significant percentage of data centre processors,” said Dr. Avi Messica, co-founder and CEO of NeoLogic.
“Current microprocessors rely on 40 years old (CMOS) technology. Chip designers are struggling to meet the current and future computation power and power consumption requirements. NeoLogic’s technology breaks through the limitations of CMOS, reduces the complexity of digital circuits, and offers a dramatic improvement in the price-performance ratio and chip area. We have filed three patent applications so far,” he said.
“NeoLogic’s innovative architecture represents a paradigm shift in the development of microprocessors at a period when groundbreaking innovations in the semiconductor industry generate exceptional economic value,” said Nate Jaret, a general partner at Maniv Mobility. “We believe that NeoLogic has a unique opportunity to bring about a far-reaching change in the way processor manufacturers design the next generations of chips that will be more powerful, more energy efficient, and significantly cheaper. We are proud to join this journey of Avi and Ziv together with the other investors in the company.”
Yaniv Golan, managing partner at lool ventures added “Our investment in NeoLogic reflects our belief in the company’s groundbreaking technology and its ability to bring about a significant change in the way companies develop advanced processors.”
