November 20, 2024
German AI Hardware Startup GEMESYS Secures €8.6M Pre-Seed Funding to Revolutionize Edge AI with Neural Network Chips
Bochum, Germany –
GEMESYS, an AI hardware startup pioneering brain-inspired chip architecture, has secured €8.6M in a pre-seed funding round announced on November 19, 2024. The round was co-led by the Amadeus APEX Technology Fund and Atlantic Labs, with participation from NRW.BANK, Sony Innovation Fund, and Plug and Play Tech Center. The funding will accelerate GEMESYS' development of innovative chips designed to emulate human brain functionality, supporting research, team expansion, and Europe's leadership in advanced AI technologies.
About GEMESYS
Founded in 2021 as a spin-off from Ruhr-University Bochum, GEMESYS is addressing the limitations of traditional AI hardware with its breakthrough memristor technology. Its chips mimic the efficiency of biological neural networks, reducing the high energy demands of training and inference in conventional AI models. This innovation makes scalable AI for mobile and edge devices feasible, with applications ranging from autonomous vehicles to IoT solutions.
Purpose of financing
The freshly secured capital will be utilized to enhance the company’s proprietary chip architecture and expand its core team. GEMESYS also aims to address Europe’s technological dependence on other regions by building locally-developed solutions for distributed intelligence. This aligns with the broader European strategy of achieving autonomy in high-tech industries.
CEO’s Insights
Dr. Dennis Michaelis, CEO of GEMESYS, stated:
“Our mission is to bring learning capabilities to every device with technology developed in Europe. This funding allows us to set new benchmarks in distributed intelligence, enabling edge devices to process data like never before.”
Investors Perspective
Ion Hauer, a partner at APEX Ventures, shared his enthusiasm:
“GEMESYS is redefining the possibilities in edge AI. Its revolutionary approach to on-device learning and inference has the potential to transform numerous industries and make Europe a global leader in AI hardware innovation.”
Conclusion
With this funding, GEMESYS is set to redefine efficiency and innovation in AI hardware. By advancing its brain-inspired chips, the company is poised to empower edge devices and revolutionize distributed intelligence.
For more information, visit GEMESYS on LinkedIn.