Innatera Secures $5 Million in Series A Extension Funding!

Innatera, the cutting-edge Dutch company specializing in neuromorphic processors, has successfully raised an additional $5 million in funding to supplement the $16 million previously secured during its Series A funding round in March. The Series A extension was prominently led by investors Innavest and InvestNL, who have joined forces with existing investors such as the EIC Fund, MIG Capital, Matterwave Ventures, and Delft Enterprises to support Innatera's innovative pursuits.

Flagship Product: Spiking Neural Processor T1

The heart of Innatera's advancements lies in its groundbreaking flagship product, the Spiking Neural Processor T1. Unveiled in January of 2024, this revolutionary processor incorporates Innatera's proprietary event-driven computing engine alongside a conventional CNN accelerator and RISC-V CPU. This powerful combination of advanced technologies positions the Spiking Neural Processor T1 at the forefront of the industry's evolution.

Production and Delivery Timeline

With the successful funding, Innatera is poised to accelerate the timeline for bringing its Spiking Neural Processor T1 to the market. The processor is slated to enter production later in 2024, and high-volume deliveries are projected to commence in Q2 of 2025. This ambitious schedule underscores Innatera's commitment to driving the next phase of innovation in neuromorphic processors and event-driven computing.

Innatera's significant achievements not only mark a milestone in the company's journey but also promise to reshape the landscape of neuromorphic processors, ushering in a new era of unparalleled performance and efficiency in the field of computing.