The Caesarea-based AI startup NeuReality, which develops high-performance inference solutions, has raised $35 million in round A. The capital raising will help NeuReality begin deploying its inference solutions on the global market in 2023. The solutions enable Optimal deployment in data centers and local sites close to near-edge devices that need high performance, low latency and high efficiency.
Newreality’s solution includes hardware, software and development tools, working together and designed to make the processes of implementing artificial intelligence solutions simpler, easier and faster. The company invented a new type of Network Addressable Processing Units (NAPU) that offer system optimization for implementing inference in neural networks for uses such as computer vision, natural language processing and recommendation engines. The NAPU unit is expected to make it possible to expand the market of companies that use AI also to companies that are less technical in nature. It will also allow large organizations such as huge public cloud farms deployed around the world (Hyperscalers) and new data center customers to make the use of artificial intelligence more widespread and convenient and preserve sustainability on the planet.
The capital raising will enable New Reality to bring NR1, its first NAPU solution, to the market. This chip introduces improved performance and efficiency of AI systems. It does this by removing bottlenecks in a way that increases the utilization of existing deep learning processors, while reducing the waiting time of AI processing, along with an overall reduction in system costs and power consumption. According to the company, system costs and power consumption are critical components in improving the total cost of ownership (TCO) of data centers and large-scale computing systems at customer sites. They are essential for the success of business models of many applications as well as for the existing requirements (sustainability) set by governments around the world.
Moshe Tanach, CEO and co-founder of NeuReality: “The investment is another expression of confidence in the talent and innovation of Newreality and the Israeli technology industry in general. The fact that high-profile investors chose to participate in the round is not accidental. This fact is proof of the potential of the AI-centric architecture and the NR1 processor that they developed to generate value in the market. We We are committed to creating a democratization that will bring the wonders of artificial intelligence to many companies and new uses in a mass deployment.”
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