NeuroBlade, a Tel Aviv, Israel-based provider of data acceleration solutions, secured $83 million in Series B funding, bringing total invested capital to $110 million.
The round was led by Corner Ventures with contributions from Intel Capital, current investors StageOne Ventures, Grove Ventures, and Marius Nacht, as well as technology companies including MediaTek, Pegatron, PSMC, UMC, and Marubeni.
The financing will be put to work as the company expands its engineering teams in Tel Aviv and builds out its sales and marketing teams globally.
Round: Series B
Funding Month: October 2021
Lead Investors: Corner Ventures
Additional Investors: Intel Capital, StageOne Ventures, Grove Ventures, Marius Nacht, MediaTek, Pegatron, PSMC, UMC, and Marubeni
Company Website: https://www.neuroblade.com/
Software Category: Data acceleration solutions
About the Company: Led by Elad Sity, CEO and co-founder, NeuroBlade develops an Artificial Intelligence (AI) inference chip for data centers and end-devices. NeuroBlade has developed a new data analytics architecture that eliminates major data movement bottlenecks by integrating the data processing function inside memory, better known as processing-in-memory (PIM). The company accelerates data analytics and unclogs traditional bottlenecks by integrating its technology into a full system-level easy-to-deploy appliance. NeuroBlade currently has more than 100 employees.