Spin-off from TU Delft raises almost 20 million euros for RISC V-AI chips

Innatera, a Dutch spin-off from TU Delft, has announced that it has raised almost twenty million euros in investments for the development of its AI chips. Innatera presented its first chip earlier this year, based on RISC V architecture.

This is the first round of investments in the company, says Innatera. An investment of fifteen million euros was already known for some time, the five million euros was recently added. This comes partly from InvestNL. The money is needed, among other things, to further develop the company. For example, Innatera will start production of its The Spiking Neural Processor T1 later this year, which should be in mass production from next spring.

The company focuses on coprocessors for small devices that have to run on batteries. The chips must be able to process sensor data quickly with little power, such as recognizing spoken words in an audio stream. According to the company, this can be done more economically, because only relevant data is processed by Spiking Neural Networks. The TU Delft spin-off is based on the open RISC V architecture, a 32-bit processor core with 384KB of SRAM. The chip is 3×2.16mm in size.