Innatera Nanosystems has announced the successful closing of an investment round in which it has raised 15 million euros to bring its ultra-low-power neuromorphic processors to sensors and sensor-based devices. The money comes from Invest-NL’s Deep Tech Fund, the EIC Fund and existing backers MIG Capital, Matterwave Ventures and Delft Enterprises. It enables the TU Delft spinoff to accelerate the ramp-up of volume production, broaden the applicability of its products and scale up customer collaborations.
Neuromorphic chip startup Innatera recently productized its spiking neural network accelerator in the form of a neuromorphic microcontroller, designed for always-on sensing applications in consumer electronics and the IoT.
On Wednesday, the European Innovation Council (EIC) announced the selection of a new set of 32 companies to receive funding (combining equity and grant) under the EIC Accelerator programme. The selected companies will receive close to €196M in a combination of grants and equity investments, with the equity investments being made through the EIC Fund.
Dutch neuromorphic processor designer Innatera has appointed Prof Alberto Sangiovanni-Vincentelli as Chairman of its Board of Directors.