Ruhr-based Gemesys raised €8.6m in a pre-seed round led by Atlantic Labs and Apex Ventures to double its headcount and enhance R&D efforts.

Nov 19, 2024•8 months ago

Amount Raised

€8.6 Million

Round Type

seed

BochumMachine LearningArtificial IntelligenceManufacturing

Investors

Plug And PlaySony Innovation FundNrw.BankApex VenturesAtlantic Labs

Description

Gemesys, a startup focused on designing brain-inspired AI chips, has successfully raised €8.6m in a pre-seed funding round. The funds will be utilized to expand their team and accelerate research and development activities.

Company Information

Company

Gemesys

Location

Bochum, North Rhine-Westphalia, Germany

About

Gemesys is a Ruhr-based startup focused on designing brain-inspired AI chips that mimic human brain behavior. Their innovative technology uses memristors to enable AI models to be trained and run directly on devices, enhancing energy efficiency and privacy. By reducing the reliance on data centers, Gemesys aims to address the rising power demands associated with AI and improve data security for users. The company plans to manufacture its chips in collaboration with semiconductor manufacturers and provide them to major original equipment manufacturers.

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Ruhr-based Gemesys raised €8.6m in a pre-seed round led by Atlantic Labs and Apex Ventures to double its headcount and enhance R&D efforts.

Investors

Description

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