Netherlands-based Innatera, a developer of ultra-low power intelligence for sensors, has secured an additional €4.6 million ($5 million) in its Series A funding round. This brings the total raised to €19.58 million ($21 million), following an initial €14.92 million ($16 million) announced in March 2024.
The funding round saw participation from Innavest, Invest-NL, EIC European Innovation Council, SMEs Executive Agency (EISMEA), European Investment Bank (EIB), MIG Capital, Matterwave Ventures, and Delft Enterprises. This investment moves Innatera closer to its goal of embedding intelligence in a billion devices by 2030.
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Pioneering Ultra-Efficient Microprocessors
Founded as a spin-off from TU Delft, the company specializes in ultra-efficient neuromorphic processors that replicate the brain’s sensory data processing mechanisms. These processors utilize a proprietary analog-mixed signal computing architecture, leveraging Spiking Neural Networks (SNN) to mimic brain activities. SNNs encode information through precise event timing, enabling superior pattern recognition and cognitive task performance while maintaining low power consumption.
Advancing Energy-Efficient Computing
Innatera’s chips are designed for always-on applications, requiring minimal energy while delivering high performance. The continuous-time analog-mixed signal processing architecture allows sensor data to be processed up to 100 times faster and with up to 500 times less energy than conventional processors.
With this substantial investment, the dutch firm is set to accelerate its progress in developing energy-efficient computing solutions and drive further innovation in the AI semiconductor field.
