Vertical Compute, spun off from imec to develop MRAM-based solutions for AI, raises 20 million Euro
Vertןcal Compute, a new startup that was spun-off from the imec institute to commercialize its MRAM technology for AI applications, has raised 20 million Euro. The seed round was led by imec.xpand and supported by Eurazeo, XAnge, Vector Gestion, and imec.
The company says that it will develop an MRAM in-memory computing chiplet technology. The chiplet, according to the company, can reduce power consumption by 80% and speed up the execution of large language models for AI by 100X. It is believed that the company’s MRAM is based on SOT-MRAM technology.
Source: http://www.mram-info.com/vertical-compute-spun-imec-develop-mram-based-solutions-ai-raises-20-million-euro
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