Chennai, NFAPost: GrAI Matter Labs, a pioneer of brain inspired ultra-low latency computing, has announced its latest financing round of $14 million. The round was led by iBionext, joined by all existing investors and newly welcomed Bpifrance through the Future Investment Program and Celeste Management.
The company will utilise the funds to accelerate design and market launch of its first GrAI, full-stack AI system-on-chip platform, to deliver on customer needs at the edge.
GrAI Matter Labs’ programmable NeuronFlow technology enables industry-leading inference latency efficiently – more than an order of magnitude better than competing solutions. Its current accelerator chip GrAI One and the GrAI One HDK are available for product evaluation and application programming.
The upcoming GrAI full-stack AI system-on-chip platform will drive a significant step in visual inference capabilities in robotics, industrial automation, AR/VR and surveillance products and markets.
“Securing this funding round is a testament to our breakthrough innovation and market potential. We are excited to bring the fastest AI per Watt to every device on the edge,” said GrAI Matter Labs CEO Ingolf Held.
“This funding will help us partner with application specialists and integrators, and to deliver best-in-class visual inference performance, system-on-chip platforms and end-to-end applications to our customers,” he said.
“GrAI Matter Labs has demonstrated a unique architecture capability with NeuronFlow and GrAI One – an industry first silicon compute and machine learning architecture based on learnings from biology and the human brain,” said iBionext Chairman Bernard Gilly.
“We are thrilled with the prospects of GrAI Matter Labs and look forward to grow the company to become a major success,” he added.
GML’s mission is to bring fastest edge AI per Watt for sensor analytics and machine learning to every device on the edge. GrAI Matter Labs has offices in Paris / France, in Eindhoven / The Netherlands and in San Jose / Silicon Valley. It is led by a team of seasoned engineers, and is backed by leading investors including iBionext, 360 Capital Partners and 3T Finance.