NeuReality Raises $35M in Series A Funding
Summary
The round, which brings total funding to $48M, was led by Samsung Ventures, Cardumen Capital, Varana Capital, OurCrowd and XT Hitech, with participation from SK Hynix, Cleveland Avenue, Korean Investment Partners, StoneBridge, and Glory Ventures. The company intends to use the funds to support its plans to start deploying its Inference solutions in 2023. The company uses a new type of Network Addressable Processing Units (NAPU) optimized for deep learning inference use cases such as computer vision, natural language processing, and recommendation engines. NeuReality had already reported its close collaboration with AI ecosystem partners and customers such as IBM, AMD, and Lenovo. The company’s leading team also includes CTO Lior Khermosh, former co-founder and Chief Scientist of ParallelM and a fellow at PMC Sierra.