Skip to content

March 19, 2024

2 minutes

Invest-NL Deep Tech Fund Invests in Neuromorphic AI Chips

Innatera, the Dutch pioneer in ultra-low power neuromorphic processors, has successfully completed a € 15 million Series-A funding round, co-financed by the EIC Fund as well as existing investors MIG Capital, Matterwave Ventures, and Delft Enterprises. The Invest-NL Deep Tech Fund is investing € 4.8 million in this Series A round. This capital injection enables the company to accelerate scaling to mass production, expand its application offerings, and invest in its network of relationships.

Innatera designs ultra-low power microprocessors that closely mimic the brain's mechanisms for processing sensor data. This chip allows for high-performance signal processing and pattern recognition with a fraction of the energy consumption of regular processors, putting the company at the forefront of applications in consumer electronics, wearable devices such as wearables, and IoT devices.

The AI functionality in Innatera's chip is based on the use of Spiking Neural Networks (SNNs). Unlike traditional neural networks that process all data continuously, SNNs only respond to relevant events. This makes them much more efficient in processing sensor data, which often contains a lot of noise and redundancy.

Johan Stins, senior investment manager at the Invest-NL Deep Tech Fund, is pleased with the investment in Innatera: "We are excited to support Innatera, a leader in the development of neuromorphic chips for energy-efficient devices. This investment fits perfectly with our goal to invest in key technologies that bring both economic progress and environmental sustainability. Neuromorphic computing, by emulating the efficiency of the human brain, represents a significant step towards reducing the energy consumption of AI technologies."

Questions about this investment? Johan is happy to help!

Johan Stins

sr. investment manager

Read more news articles

View more