Business Wire

Neuromorphic Computing Pioneer GrAI Matter Labs Raises $15M to Bring AI to Every Device on the Edge

Jaa

GrAI Matter Labs, a pioneer of ultra-low power neuromorphic computing, today announced it has closed its Series A financing round of $15 million. Inspired by the biology of the human brain, GrAI Matter Labs’ technology will be implemented as programmable application processors which can bring AI with machine learning capabilities to every device on the edge. The consortium of investors is led by iBionext and also includes 360 Capital Partners and 3T Finance.

A New Paradigm in Computing

GrAI Matter Lab’s technology is based on breakthrough research carried out at the Vision Institute (UPMC) in Paris on the human brain during the past 20 years. Inspired by the human biology, the company’s unique neuromorphic computing paradigm overcomes the limitations of Von Neumann machines, offering massively parallel and fully programmable sensor analytics and machine learning at significantly reduced power consumption.

“Our neuromorphic approach to computing and machine learning achieved impressive results in a hardware/software prototyping project under a DARPA grant. The prototype demonstrated how a new compute paradigm could enable AI completely locally on an edge device without cloud computing support,” said Ryad Benosman, co-Founder and Chief Scientific Officer of GrAI Matter Labs.

AI to Every Device on the Edge

GrAI Matter Lab’s programmable application processors will provide AI with machine learning capabilities across the Internet of Things. These processors will power autonomous navigation platforms, enabling cars, robots and drones to navigate our world with performance/power optimized AI for safety and convenience. Other focus areas include intelligent cognitive assistants to bring AI to smart homes and smart phones, and wearable AI for smart health monitoring, practically invisible and consuming minimal power.

“GrAI Matter Labs is pushing the boundaries for silicon compute and machine learning architectures based on learnings from biology and the human brain. We are thrilled with the future prospects of GrAI Matter Labs and look forward to grow the company to become a disruptive force in how AI can be leveraged in ways never thought possible,” said Bernard Gilly, Chairman of iBionext.

“By being able to bring AI to every device on the edge with our low-power neuromorphic compute platform, we can enable entirely new use models and applications for smart computing. This Series A round of financing will help us to ramp our engineering teams in Eindhoven and Paris, and to move rapidly from technology development to market deployment,” said Ingolf Held, CEO of GrAI Matter Labs.

About GrAI Matter Labs

GrAI Matter Labs (aka GML) was founded in 2016 as Brainiac within the iBionext Start-up Studio in Paris by Ryad Benosman, Bernard Gilly, Giacomo Indiveri, Xavier Lagorce, Sio-Hoi Leng, Bernabe Linares-Barranco and Atul Sinha, a team combining extensive experience in neuromorphic computing, silicon design, and entrepreneurship.

GML has offices in Paris, Eindhoven, The Netherlands and Silicon Valley. The company is driven by a team of visionary and seasoned engineers, and is backed by leading investors including iBionext, 360 Capital Partners and 3T Finance. More information can be found at www.graimatterlabs.ai.

About iBionext

Created in September 2015, iBionext is a management company and a start-up studio dedicated to the development of innovative start-ups in healthcare. This initiative, launched by Bernard Gilly in 2012, aims to transform technological breakthrough ideas into leading innovative start-ups in the fields of HealthTech and related industrial applications. All these companies are grouped on a single site named the "Passage de l’Innovation" in Paris, France.

Since 2012, 8 companies where created within the iBionext ecosystem - Pixium Vision (Euronext: PIX), GenSight Biologics (Euronext: SIGHT), Gecko Biomedical, Prophesee (previously Chronocam), ChronoLife, BrainEver, Tilak Healthcare and GrAI Matter Labs (previously Brainiac). iBionext and its companies have raised over 360 million euros in capital (of which € 90 million raised by iBionext Growth Fund). 7 clinical trials are currently underway worldwide and 190 experienced professionals have joined these companies.

iBionext Growth Fund was created in 2016 to finance the growth of new companies selected within the iBionext network.

To find out more: http://ibionext.com/

Twitter: @iBionext

About 360 Capital Partners

360 Capital Partners is an early stage Venture Capital firm investing in disruptive deep-tech & digital innovations across Europe. The firm has a 20-year track record in supporting talented technology entrepreneurs achieve their ambition of creating game-changing enterprises. 360 Capital is led by a diverse, and experienced group of professionals across Paris & Milan with over €300M of assets under management and an active portfolio of over 50 companies.

Contact information

Image 7
Charlotte Mouraret, +33 (0)6 89 87 62 17
cmouraret@image7.fr
or
Wired Island PR
Mike Sottak, +1 650-248-9597
mike@wiredislandpr.com

Tietoja julkaisijasta

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Tilaa tiedotteet sähköpostiisi

Haluatko tietää asioista jo ennen kuin ne uutisoidaan? Kun tilaat tiedotteemme, saat ne sähköpostiisi yhtä aikaa suomalaisen median kanssa. Tilauksen voit halutessasi perua milloin tahansa.

Lue lisää julkaisijalta Business Wire

Servier and Taiho Announce Phase III Trial Data Demonstrates Significant Overall Survival Benefit of LONSURF® (trifluridine and tipiracil) in Patients with Metastatic Gastric Cancer21.6.2018 14:10Tiedote

Servier and Taiho Pharmaceutical Co., Ltd. today announced clinical data from the pivotal Phase III trial (TAGS) for LONSURF® (trifluridine and tipiracil, TAS-102) which showed significant improvement in overall survival (OS) for the treatment of patients with refractory metastatic gastric cancer (HR=0.69 [95% IC 0.56-0.85], p=0.0003). The median overall survival in patients treated with trifluridine/tipiracil and best supportive care (BSC) was 5.7 months as compared to 3.6 months when treated with placebo and BSC, and they had a 31% risk reduction of death. At 12-months, OS rates were 21.2% in the trifluridine/tipiracil group and 13.0% in the placebo group. In addition, the risk for disease progression measured by PFS, a key secondary endpoint, was reduced by 43% (HR: 0.57). The overall safety profile was consistent with the known safety profile of trifluridine/tipiracil in metastatic colorectal cancer (CRC), with mainly hematological adverse events reported. “The results presented to

SimScale Announces a Preview Program of FDS for Simulation of Fire Scenarios in Buildings21.6.2018 13:49Tiedote

SimScale (“SimScale”), the provider of the world’s first cloud-based engineering simulation solution, today announced the launch of the Fire Dynamics Simulator (FDS) explorative preview program. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180621005523/en/ Fire Dynamics Simulator (FDS) is a solver developed by the National Institute of Standards and Technology (NIST) of the United States Department of Commerce, in cooperation with VTT Technical Research Centre of Finland. Throughout its development, FDS has been aimed at solving practical fire problems in fire protection engineering, while at the same time providing a tool to study fundamental fire dynamics and combustion. The preview program is a response to the request of many customers to combine the maturity and reliability of FDS for modeling fire and smoke with the convenience and scalability of SimScale’s cloud-based simulation infrastructure. Most of these requests

Warehouse TERRADA Forms a Three-Party Partnership with Yokohama University of Art and Design and PALAZZO SPINELLI, an Italian Institute for Art and Restoration21.6.2018 12:00Tiedote

Warehouse TERRADA formed a three-party partnership with Tokiwamatsu Gakuen’s Yokohama University of Art and Design and PALAZZO SPINELLI ISTITUTO PER L’ARTE E IL RESTAURO, an institute for art and restoration located in Florence, Italy, concerning the restoration and preservation of cultural heritage in Italy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180621005372/en/ From left) Emanuele Amodei, President of Palazzo Spinelli / Yasuyuki Korekawa, Operating officer of Warehouse TERRADA / Nobuaki Okamoto, Chairman of the Board of Directors, Tokiwamatsu Gakuen and President, Yokohama University of Art and Design (Photo: Business Wire) Warehouse TERRADA has always considered it to be important to educate future professionals involved in the restoration and preservation of artworks and craftworks. We have made a wide-ranging proactive effort in this field, such as by launching a collaborative course in art restoration and pres

Further STAC Approval for Smiths Detection’s Checkpoint.Evoplus21.6.2018 11:00Tiedote

The latest version of Smiths Detection’s Checkpoint.Evoplus software has been certified by STAC for use at French airports. Version 2.2. has followed in the footsteps of 2.1, which was the first ever solution for multiplexed image analysis to receive official approval from the French civil aviation authority technical centre. An advanced screening and management platform, Checkpoint.Evoplus is designed to increase passenger throughput; optimise resources; reduce operational costs; and raise security levels. “Both versions of Checkpoint.Evoplus have now gained STAC certification –further approval for a very innovative platform, which continues to set the standards for checkpoint management software,” commented Matt Clark, VP Technology & Product Development, Smiths Detection. “It holds the key to ensuring that checkpoints can reach their full potential by delivering the highest levels of security and also significant operational advances.” Checkpoint.Evoplus transforms a collection of i

Presidentti Obama Nordic Business Forumiin Helsinkiin21.6.2018 10:59Tiedote

Yhdysvaltain entinen presidentti Barack Obama on kiinnitetty puhumaan Nordic Business Forumissa, joka järjestetään 26.-27.9.2018 Helsingissä. Presidentti Obama tulee päättämään kaksipäiväisen tapahtuman. Tämä lehdistötiedote sisältää multimediaa. Katso koko julkaisu täällä: https://www.businesswire.com/news/home/20180621005425/fi/ Europe’s leading business and leadership conference brings President Obama to Helsinki, Finland to speak to business executives and owners. (Photo: Business Wire) Aslak de Silva, Nordic Business Forumin toimitusjohtaja: “Tämä on meille valtava kunnia, ja myös hieno mahdollisuus ja tilaisuus asiakkaillemme sekä Suomelle ja Pohjoismaille.” Hans-Peter Siefen, Nordic Business Forum hallituksen puheenjohtaja ja perustajajäsen: “Todella hienoa saada presidentti Obama tapahtumamme pääpuhujaksi. Tapahtuman agenda on jo ennestään upea ja tämä on sille hieno kruunu. Varmasti merkittävin puhujakiinnityksemme koskaan. Pari muutakin hyvin teemaspesifiä puhujaa on vielä tu

Mori Building and teamLab Launch Unprecedented Digital Art Museum21.6.2018 05:00Tiedote

“MORI Building DIGITAL ART MUSEUM: teamLab Borderless,” an unprecedented digital art museum — jointly created and operated by Mori Building Co., Ltd, a leading urban landscape developer, and teamLab, a world-leading digital art collective — opened today, the two organizers announced. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180620005005/en/ Toshiyuki Inoko, Founder of teamLab (Photo: Business Wire) The digital art museum features approximately 50 interactive artworks, some completely new, in a huge 10,000m² area with five zones. The interactive artworks have no borders separating them from the other works. Some extend beyond their installation rooms and into the corridors, some overlap with other works and some even fuse with other works. Since there are no boundaries, the immersive works keep the boundaries between people in a state of continuous flux. Visitors physically enter and explore the works as well as experie

Uutishuoneessa voit lukea tiedotteitamme ja muuta julkaisemaamme materiaalia. Löydät sieltä niin yhteyshenkilöidemme tiedot kuin vapaasti julkaistavissa olevia kuvia ja videoita. Uutishuoneessa voit nähdä myös sosiaalisen median sisältöjä. Kaikki STT Infossa julkaistu materiaali on vapaasti median käytettävissä.

Tutustu uutishuoneeseemme