– ISRAEL, Tel Aviv – NeuroBlade, the Israeli AI startup, announced that it has completed a $23 million early funding round, led by Marius Nacht, co-founder of Check Point Software Technologies, with the participation of new investor Intel Capital.
Existing investors StageOne Ventures and Grove Ventures, headed by USB flash drive inventor Dov Moran, also participated.
In addition to $4.5 million previously raised, the funds will be used by NeuroBlade to scale its workforce and ramp up efforts to bring its artificial intelligence chip to market.
The deployment and use of AI are still limited by size, price, and performance of these chips. NeuroBlade said its chip maintains a strong performance level despite being smaller and less expensive to make.
Founded in 2017 and backed by top-tier VCs, NeuroBlade set out on a mission to redefine computer architecture for AI and other memory intensive tasks. NeuroBlade builds high-performance solutions for the rapidly growing AI market while lowering costs and power consumption.
NeuroBlade gathered a team of experts with backgrounds in data science, algorithms, software, and chip design to meet the specific needs of AI software. NeuroBlade’s unique chip solution paired with a complete end-to-end SW stack enables businesses to take the next leap forward by increasing the efficiency and affordability of their devices from edge to datacenters.
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