Synthara acquires over 11 million dollars

Synthara, a Zurich-based semiconductor company specializing in AI-based applications, was able to acquire over 11 million dollars. According to a press release, the spin-off of the Institute of Neuroinformatics of the Swiss Federal Institute of Technology in Zurich (ETH) and the University of Zurich (UZH), which was founded in 2019, will receive 5.5 million dollars in funding and 5.9 million dollars in Swiss and European grants. The financing is led by DeepTech investor Vsquared Ventures. In addition to existing investors, OTB Ventures, Hermann Hauser's Onsight Ventures and Deeptech Labs are also participating in the round, according to the press release. Existing investors include High-Tech Gründerfonds(HTGF), DeepIE, Excellis, Zürcher Kantonalbank(ZKB) and Sandeep Raju.

The funds are to flow into the mass market launch of so-called in-memory computing (IMC). With IMC, data is no longer stored in databases on hard disks, but directly in the chip's main memory. This technology plays a special role in the field of AI applications. Faster and more efficient data processing is of great importance here. A market which, according to the company, is now worth over 200 billion dollars and is growing by over 15 percent annually.

The funding will enable Synthara to introduce its patent-pending ComputeRAM product into embedded computing applications, according to the press release. Synthara's ComputeRAM is an engineered and general-purpose embedded chip designed for use in a wide range of AI-intensive applications. "The rise of AI is a social and economic upheaval," says Alessandro Aimar, founder and CTO of Synthara, in the press release. "While traditional semiconductor companies are struggling to adapt to this new reality, Synthara wants to establish Europe as a leading force in this transformation and become the global reference for AI and advanced computing hardware." ce/eb