Innatera (Series A)

Funding Details
Awarder
SemiNews
Date Award
March 01, 2024
Vertical
Semiconductors
Funding URL
View Funding Page
Funding Amount:
$21,000,000

Company Info
Traction
Innatera has multiple customer engagements ongoing, with a focus on power-constrained applications and addressing privacy and latency concerns. The company is slated to start high-volume deliveries in Q2 of 2025.
Founders
Sumeet Kumar
Company Description
Innatera is the leading innovator in ultra-low power neuromorphic processors, with a focus on energy-efficient AI for sensor-edge applications. Their flagship product, the Spiking Neural Processor T1, represents a paradigm shift in energy-efficient AI for battery-powered devices. The company aims to bring intelligence to a billion devices by 2030.
Market
AI at the edge
Location
Delft, Netherlands
Coinvestors
Innavest, InvestNL, EIC Fund, MIG Capital, Matterwave Ventures, Delft Enterprises

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