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ZeroPoint Technologies AB closed a EUR 5.0 million Series A led by Matterwave Ventures to scale sales, bring additional hardware-accelerated memory products to the market, and grow the company's existing teams in Sweden and the United States.

May 23, 2024•about 1 year ago

Amount Raised

€5 Million

Round Type

series a

GöteborgCrmEnterprise SoftwareSaas

Investors

Chalmers VenturesClimentum CapitalIndustrifondenMatterwave Ventures

Description

ZeroPoint Technologies AB closed a EUR 5.0 million Series A, led by Matterwave Ventures and Industrifonden, for scaling sales of existing products, bringing additional hardware-accelerated memory products to market, and growing the company's existing teams in Sweden and the United States.

Company Information

Company

ZeroPoint Technologies

Location

Göteborg, Västra Götalands län, Sweden

About

ZeroPoint Technologies is a spinout from Chalmers University of Technology in Gothenburg, Sweden, and has over the years developed an impressive IP Portfolio in the memory compression domain. Their patented compression technology is based on 15 years of research. The company was founded by Professor Per Stenström and Dr. Angelos Arelakis, with the vision to deliver the most efficient memory compression available, in real-time, based on state-of-the-art research. Today the company works with industry leaders on product implementation projects and technical evaluations. In April 2024, ZeroPoint joined the Intel Ignite global startup accelerator program for early-stage deep tech startups.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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