Neuronova Secures €1.5 Million for AI Chip Development
Deal News | Nov 25, 2024 | CDP Venture Capital
Neuronova, a Milan-based deep tech startup focusing on sustainable innovation, has successfully raised a €1.5 million pre-seed funding round from CDP Venture Capital. This investment is earmarked for the development of their ultra-low power AI chip technology, which is set to drastically decrease energy consumption by 1000 times. Such innovation intends to facilitate the integration of AI into battery-powered smart devices and sensors, potentially revolutionizing the market landscape.
Sectors
- Semiconductors
- Venture Capital
- Technology
Geography
- Italy – Neuronova is based in Milan, and the funding involves an Italian venture capital firm, CDP Venture Capital.
Industry
- Semiconductors – Neuronova is focused on the development of energy-efficient AI chips, placing them in the semiconductor industry.
- Venture Capital – The involvement of CDP Venture Capital in funding Neuronova's project classifies this article within the venture capital industry.
- Technology – The creation of cutting-edge AI technology for smart devices aligns with the tech industry's focus on innovation.
Financials
- €1.5 million – The amount of pre-seed funding raised by Neuronova from CDP Venture Capital for AI chip development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Neuronova | Target | Company | A deep tech startup based in Milan focusing on sustainable innovation and the development of AI chips. |
| CDP Venture Capital | Investor | Company | A private equity firm facilitating the growth and development of innovative startups through investment. |