NeuReality Secures $20M to Revolutionize AI Inference
March 20, 2024, 9:35 am
Israeli AI startup NeuReality makes waves in the tech world with a massive $20 million funding round, propelling the company to the forefront of AI innovation. Led by global backers, including the European Innovation Council (EIC) Fund, Varana Capital, Cleveland Avenue, XT Hi-Tech, and OurCrowd, this funding injection marks a significant milestone in NeuReality's journey to democratize AI access.
Founded in 2019 by a team of seasoned system engineers, NeuReality specializes in purpose-built AI inference system architecture, hardware, and software. The company's groundbreaking NR1™ AI Inference Solution, powered by the NR1 NAPU™ 7nm AI inference server-on-a-chip developed in collaboration with TSMC, offers unparalleled efficiency compared to traditional GPU-centric architectures.
NeuReality's CEO, Moshe Tanach, emphasizes the company's departure from conventional CPU-bound approaches, highlighting breakthrough performance, cost savings, and energy efficiency. By streamlining AI pipelines and eliminating the need for CPUs, NeuReality's NR1-M™ and NR1-S™ systems achieve 100% AI accelerator utilization, revolutionizing AI inference infrastructure.
With a total funding of $70 million, NeuReality is poised to accelerate its growth trajectory and meet the increasing demand for generative AI applications. Collaborating with industry giants like AMD, IBM, and Lenovo, NeuReality's products are set to reshape the landscape of AI inference, offering a streamlined pathway for efficient AI processing.
NeuReality's latest funding round positions the company for broader deployment of AI inference solutions, catering to the needs of enterprises grappling with AI inference complexities and scalability issues. As the race to dominate the AI space heats up, NeuReality stands out as a game-changer in the industry, poised to reshape the future of AI access and infrastructure.
Founded in 2019 by a team of seasoned system engineers, NeuReality specializes in purpose-built AI inference system architecture, hardware, and software. The company's groundbreaking NR1™ AI Inference Solution, powered by the NR1 NAPU™ 7nm AI inference server-on-a-chip developed in collaboration with TSMC, offers unparalleled efficiency compared to traditional GPU-centric architectures.
NeuReality's CEO, Moshe Tanach, emphasizes the company's departure from conventional CPU-bound approaches, highlighting breakthrough performance, cost savings, and energy efficiency. By streamlining AI pipelines and eliminating the need for CPUs, NeuReality's NR1-M™ and NR1-S™ systems achieve 100% AI accelerator utilization, revolutionizing AI inference infrastructure.
With a total funding of $70 million, NeuReality is poised to accelerate its growth trajectory and meet the increasing demand for generative AI applications. Collaborating with industry giants like AMD, IBM, and Lenovo, NeuReality's products are set to reshape the landscape of AI inference, offering a streamlined pathway for efficient AI processing.
NeuReality's latest funding round positions the company for broader deployment of AI inference solutions, catering to the needs of enterprises grappling with AI inference complexities and scalability issues. As the race to dominate the AI space heats up, NeuReality stands out as a game-changer in the industry, poised to reshape the future of AI access and infrastructure.