Innatera completed a €5 million seed funding round led by btov and MIG Verwaltungs

Switzerland Germany Netherlands Investments 25 November 2020
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Innatera, a Delft, Netherlands-based manufacturer of ultra-efficient microprocessors, announced that it completed a seed capital funding round of €5 million ($6M).

The money was raised from investors from Switzerland and Germany led by btov through the Industrial Technologies Fund and MIG Verwaltungs.

Innatera, founded in 2018 by three doctors - Dr. Amir Zjajo, Dr. Sumeet Kumar (CEO), and Dr. Rene van Leuken, is a semiconductor company developing microprocessors that mimic the brain's mechanisms for processing fast information streams from multiple sensors.

The company develops ultra-efficient neuromorphic microprocessors that mimic the brain's mechanisms for processing fast information streams from multiple sensors. These microprocessors enable complex turn-key sensor data processing functionalities, with 10,000x higher performance per watt than competing solutions. Innatera's technology is a critical enabler for next-generation devices in the IoT, wearable, and embedded domains.