Innatera Funding News – Innatera Raises $21M Series A Funding

Read also - Axelera AI Funding News – Axelera AI Raises $68 Mn Series B Funding to Accelerate Next-Generation Artificial Intelligence

Backed by leading European deeptech VCs Matterwave Ventures, MIG Capital, European Innovation Council, and Delft Enterprises, we're on a mission to make a billion sensors intelligent by 2030. It's vision of the future is one where electronic devices integrate seamlessly into our lives, making the world around us smarter, safer, and cleaner.

Read also - Libattion funding news – Zürich-based Libattion Raises €14 Million in Funding

"We're thrilled by the overwhelming support from investors, which underscores the immense potential of our neuromorphic processors," said Sumeet Kumar, CEO of Innatera. "Innatera's latest offering is radical in terms of its architecture and its efficiency, yet it only scratches the surface of what neuromorphic computing can do for edge applications. I'm excited by the opportunities ahead of us, and the work we'll be doing to leverage the full potential of this technology together with our customers and strategic partners. This Series A funding will accelerate our journey towards mass production and enable us to meet the burgeoning demand for energy-efficient computing solutions."

"Innatera's track-record is impressive – remarkable capital-efficiency, a fantastic team, and a product with the potential to touch every aspect of our lives. Innavest is excited to be able to bring in our strategic expertise and network to help Innatera's mission," said Kjelle Blom, managing partner of Innavest, a consortium of private investors and entrepreneurs.

About Innatera

Innatera is a trailblazing developer of ultra-low power intelligence for sensors. Incorporated in 2018 as a spin-off from the Delft University of Technology, it develops a line of neuromorphic processors that mimic the mechanisms the brain uses for sensory perception. Using a radically new continuous-time analog-mixed signal processing architecture, Innatera’s chips allow sensor data to be processed 100x faster and with up to 500x lesser energy than with conventional processors.