[Funding alert] Dresden-based SEMRON Raises €7.3M Seed Funding

Current processors have issues with size, cost, and energy consumption, which makes them less appropriate for AI models in the future on smaller smart devices.

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Alternative strategies ignore the requirement for cost reductions, memory density to prevent the size of AI models from exploding, or the inability to run several classes of AI algorithms in favor of concentrating on a particular technical aspect like energy efficiency.

Aron Kirschen, CEO and Co-Founder of SEMRON said, "At SEMRON, we are not just focusing on decreasing energy consumption and enhancing performance. Our vision encompasses a radical shift towards cost reduction, increased flexibility, and the capability to run vast AI models with billions of parameters on a mere fingertip of silicon.

SEMRON has made tremendous progress toward creating the most energy-efficient semiconductor technology for AI inference in the world. This makes it possible to support AI models that are two to three hundred times larger than those that are now possible, with the possibility of a 1000-fold increase in the future.

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Lead the current funding round, Join Capital had participation from new investors SquareOne, OTB Ventures, Hermann Hauser (Onsight Ventures), and Pre-Seed investors Dr. Wolfram Drescher (BlueWonder), Andreas Werner and Sven Sieber (Gigahertz Ventures), and Hans Rohrer, the former president of TSMC who oversaw the company's European operations, continued to support the round.

Jan Borgstädt, Managing Partner at Join Capital shared: "We at Join Capital are thrilled to be at the vanguard of this technological revolution with our investment in SEMRON. We recognise the immense potential of SEMRON's innovation to redefine the landscape of AI capabilities in smart devices globally and to start a new dynamic in the semiconductor industry that is struggling with the era of GenAI. This investment aligns perfectly with our commitment to supporting technologies that are set to redefine their industries. We are confident that SEMRON will not only lead but also inspire this new era of smart devices."

Georg Stockinger, Partner at SquareOne: "Computing resources will become the 'oil' of the 21st century. With infrastructure-hungry LLMs conquering the world and Moore's law reaching the limits of physics, a massive bottleneck in computing resources will shape the years to come. Insufficient access to computing infrastructure will greatly slow down productivity and competitiveness both of companies and entire nation-states. SEMRON will be a key element in solving this problem by providing a revolutionary new chip that is inherently specialised in computing AI models. It breaks with the traditional transistor-based computing paradigm and reduces costs and energy consumption for a given computing task by at least 20x."

With the additional funding, SEMRON will accelerate the development of hardware and compilers, staff growth, and internationalization. By year's end, the corporation wants to triple its staff.

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About SEMRON

SEMRON goal is to develop artificial intelligence chips with the smallest possible footprint without sacrificing processing power. They require a very high compute density for this. They will open the way for new AI-driven gadgets and take down the current barriers preventing their widespread use (smart glasses, for example).

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