Neuronova Pioneers Low-Power AI Chips with €1.5M Pre-Seed Funding
Deal News | Nov 25, 2024 | CDP Venture Capital
Neuronova, a Milan-based deep tech startup aiming for sustainable innovation, has successfully closed a pre-seed funding round of €1.5 million. This investment has been secured to advance the development of an ultra-low power processor for AI applications, a project that promises to drastically reduce energy consumption by up to 1000 times. The innovative technology seeks to enable AI capabilities in battery-powered smart devices and sensors, supporting an increasingly connected and energy-efficient future. The funding round was led by CDP Venture Capital, which focuses on supporting pioneering technology firms.
Sectors
- Technology
- Venture Capital
- Sustainable Technology
Geography
- Italy – Neuronova is based in Milan, and the funding includes Italian venture capital, signifying the geographical focus on Italy.
Industry
- Technology – The article focuses on the development of advanced AI chips, which falls under the technology sector.
- Venture Capital – CDP Venture Capital's involvement in funding Neuronova highlights the venture capital industry.
- Sustainable Technology – Neuronova's focus on creating energy-efficient AI chips aligns with sustainable technology developments.
Financials
- €1.5 million – Pre-seed funding amount raised by Neuronova for developing ultra-low power AI chips.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Neuronova | Target | Company | A deep tech startup in Milan focused on sustainable innovation through developing low-power AI chips. |
| CDP Venture Capital | Investor | Company | A venture capital firm supporting innovative startups like Neuronova in their funding round. |