GEMESYS develops next-generation AI chip architecture that leverages memristor technology to improve efficiency of on-device training and inference. The company aims to empower edge devices to learn and process data locally, addressing energy and efficiency limits of current neural-network hardware. GEMESYS positions itself as a European response to AI hardware leadership concentrated in the US and Asia. The startup will use the new funding to accelerate research and development, expand its team, and advance its chip architecture. Leadership frames the work as pioneering distributed intelligence and enabling new edge applications. No operating metrics were disclosed in the article.

Total raised

$10M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2024