Egde AI chip startup GrAI Matter Labs secured $14 Million funding

GrAI Matter Labs, a Paris based brain-inspired ultra-low latency computing company, has now secured $14 million in funding.

GrAI Matter Labs is founded by Ingolf Held in the year 2016. It offers ultra-low power, fully programmable neuromorphic computing for sensor analytics and machine learning – supported by brain-inspired technology.

The upcoming GrAI full-stack AI system on chip platform will drive a major step in visual inference capabilities in industrial automation, robotics, AR/VR, surveillance products, and markets.

CEO of GrAI Matter Labs, Ingolf Held, said, "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 edge. This funding will help us to 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."

Chairman of iBionext, Bernard Gilly, 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. We are thrilled with the prospects of GrAI Matter Labs and look forward to growing the company to become a major success."

The round was backed by the iBionext. Other participating investors include a few existing and new investors Bpifrance via the Future Investment Program and Celeste Management.

The company as of now has plans to use the new funds to accelerate the design and market launch of its company's full-stack AI system on chip platform.