- Published on December 8, 2022
- In Deep Tech
AI Startup Neureality Raises $35 Mn to Develop AI Inference Chip
The funding will aim to commercialise the NR1 chip.
- By Ayush Jain
Israeli AI startup Neureality, known for designing AI-as-a-service infrastructure, raises $35 million in Series A funding. The new investment brings their total funding to $48 million. Prominent names like Cardumen Capital, Samsung Ventures, Varana Capital, OurCrowd and XT Hitech led the round.
The funding will aim to commercialise the NR1 chip, which uses the new Network Addressable Processing Unit (NAPU) optimised for computer vision (e.g., object recognition in images), natural language processing (text generation), and recommendation engines (e.g., e-commerce).
Established in 2018, Neutrality was co-founded by Moshe Tanach, Tzvika Shmueli, and Yossi Kasus. The company focuses on bringing AI hardware to market for cloud data centres and 'edge' computers.
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Ayush Jain
Ayush is interested in knowing how technology shapes and defines our culture, and our understanding of the world. He believes in exploring reality at the intersections of technology and art, science, and politics.
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