Neuromorphic Computing Pioneer GrAI Matter Labs Raises $15M to Bring AI to Every Device on the Edge
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.
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/
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.
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 ensimmäisten joukossa? Kun tilaat mediatiedotteemme, saat ne sähköpostiisi välittömästi julkaisuhetkellä. Tilauksen voit halutessasi perua milloin tahansa.
Lue lisää julkaisijalta Business Wire
GSMA: Forty CEOs Back Launch of Digital Declaration at Davos24.1.2019 08:00 | Tiedote
The GSMA today launched the ‘Digital Declaration’ at the World Economic Forum in Davos. The declaration captures key principles that serve as a guide to acting ethically in the digital era, helping companies deliver what matters most to digital citizens, industry and governments. The 40 business leaders who have already committed to the declaration span several industry sectors and include representatives from: Bharti Airtel, China Mobile, China Telecom, Deutsche Telekom, Ericsson, IBM, KDDI, KT, LG Electronics, Mobile World Capital Barcelona, Nokia, NTT DOCOMO, Orange, Samsung Electronics, Sharp, SK Telecom, Sony Corporation, STC Group, Telefónica, Turkcell, Verizon, Vodafone and Xiaomi. The initiative has arisen against a backdrop of businesses and consumers experiencing unprecedented change in the digital world. It is expected that by 2022, 60 per cent of GDP will be digitised1. The imminent arrival of 5G networks will further accelerate this change. At the same time consumers are r
Papa John’s Appoints Marvin Boakye as First Chief People Officer23.1.2019 18:02 | Tiedote
Papa John’s International, Inc., (NASDAQ: PZZA) one of the world’s largest pizza delivery companies, announced today the appointment of Marvin Boakye as its first Chief People Officer. He will serve as a member of the Papa John’s Executive Leadership Team and report to President and CEO Steve Ritchie. Boakye has more than 20 years of human resources experience, as well as expertise in change management and culture transformation. He has held human resources leadership roles for organizations across the United States, Canada and Latin America. Boakye joins Papa John’s after serving as vice president of human resources at petroleum company Andeavor in San Antonio, Texas, which was recently acquired by Marathon Petroleum. Prior to Andeavor, he was chief human resources officer for MTS Allstream, a telecommunications company now part of Bell Canada, and held senior human resources positions at Goodyear, Pulte Group and The Home Depot. “Boakye’s expertise will help us to continue to push Pa
Global Technology Association ISACA Launching Future-focused Initiatives in Its 50th Anniversary Year23.1.2019 17:22 | Tiedote
Now more than 450,000 engaged professionals and 140,000 members strong, global information technology association ISACA was founded by seven individuals as the EDP Auditing Association in California at the dawn of the information systems era—1969. Serving audit, governance, risk and cybersecurity professionals and their enterprises, today ISACA has a presence in 188 countries. Headquartered near Chicago, Illinois, USA, ISACA also established an entity in Beijing, China, last year, and acquired the CMMI Institute in 2016. In 2019—its 50th anniversary year—ISACA has adopted the theme, “Honoring Our Past. Innovating Our Future.” The organization has multiple initiatives planned to mark this milestone, including: Transforming IT Audit initiative—In February 2019, ISACA will launch a Transforming IT Audit microsite with resources to help IT auditors successfully navigate the future of the profession, including emerging areas like AI and blockchain, and featuring results from ISACA’s new glo
Wipro Ranked Third Fastest Growing Global IT Services Brand in 201923.1.2019 17:18 | Tiedote
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, has been ranked the third fastest growing global IT services brand in 2019 in a study conducted by Brand Finance, the world’s leading brand valuation firm. Wipro is also among the top 10 most valuable brands in the global IT services sector. According to Brand Finance’s IT Services annual report for 2019, which features 15 leading brands in the segment, Wipro has a total brand value of USD 4.002 billion, up 25% on year, emerging as one of the strongest brands in the category with an AA+ Brand rating. Brand Finance, in their official press release noted that Wipro’s significant investments in digital transformation capabilities, niche acquisitions, and a recent brand refresh, have propelled it to the third fastest growing brand in the segment. The report analyses the brand value and brand strength of the 5000 largest brands across 38 sectors in t
Velodyne Lidar and YellowScan Lead Drone Surveying Market for Highway Capacity Expansion23.1.2019 16:00 | Tiedote
Velodyne Lidar, Inc. today announced that the YellowScan Surveyor from YellowScan has utilized Velodyne’s groundbreaking sensor technology to generate precise mapping data for an infrastructure construction project on one of Central Europe’s busiest roadways. YellowScan Surveyor, an unmanned aerial vehicle (UAV) surveying system, improves upon previous time-intensive manual surveying processes by providing a more efficient method for collecting landscape data with increased precision and detail. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190123005054/en/ Ventus-Tech using YellowScan Surveyor, which includes Velodyne Lidar’s Puck™, to generate precise mapping data. (Photo: Business Wire) The project was conducted by Ventus-Tech using YellowScan Surveyor to collect data along a 47-kilometer segment of the M1 highway (E60, E65, E75) in northwestern Hungary. The data, gathered by 88 UAV flights over one month, enabled engine
PMI Among Elite Group of Companies to Score A for Climate Change23.1.2019 15:00 | Tiedote
Philip Morris International Inc. (PMI) (NYSE: PM) has been highlighted as a global leader on corporate climate action by environmental impact nonprofit CDP, achieving a place on the CDP Climate Change A List for the fifth consecutive year. As the only tobacco company to have scored an A, PMI has been recognized for cutting emissions, mitigating climate risks and developing the low-carbon economy, based on its 2018 disclosure to CDP. “Climate change is one of major concerns for humanity, and companies can make a difference. Just like we are leading our industry’s transformation toward a smoke-free future, we are focused on bettering every part of our business and supply chain to become a leader in sustainable business practices,” said André Calantzopoulos, Chief Executive Officer, PMI. The company’s efforts to reduce the environmental footprint of its operations focus on sustainable design in new facilities, energy efficiency in manufacturing processes, greener purchasing of electricity
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