Sparxity Closes Series A as Team’s Cumulative Funding Reaches $90M
Sparxity closed a Series A led by ICM HPQC Fund, bringing cumulative funding secured by its team to $90M. The financing will accelerate development of specialized chips for fine-grained dynamic sparsity in AI computing; the Series A amount was not disclosed.
- Round
- Series A
- Investors
- 11
- Investors
- ICM HPQC FundLockheed Martin VenturesGlobalFoundriesGS FuturesCloudberry VenturesTGFSEIC FundRichard SocherNancy XuAtlanticSilicon Catalyst
- Target market
- AI and high-performance computing customers
- Use of funds
- Accelerating development of specialized chips for fine-grained dynamic sparsity
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Quick Answers
What is the latest news about Sparxity?
Sparxity closed a Series A led by ICM HPQC Fund, bringing cumulative funding secured by its team to $90M. The financing will accelerate development of specialized chips for fine-grained dynamic sparsity in AI computing; the Series A amount was not disclosed.
What does Sparxity do?
Sparxity is a German company building full-stack sparse-native computing systems, from custom chips to software, for AI and high-performance computing. Its technology is deployed in rack- and supercomputer-scale systems across Europe and the US.
How much did Sparxity raise?
Sparxity closed a funding round (Series A).
Who invested in Sparxity?
Investors named in this Series A include ICM HPQC Fund, Lockheed Martin Ventures, GlobalFoundries, GS Futures, Cloudberry Ventures, TGFS, EIC Fund and Richard Socher and 3 others.
How will Sparxity use the funding?
Sparxity plans to use the money for accelerating development of specialized chips for fine-grained dynamic sparsity.
Where is Sparxity based?
Sparxity is based in Germany.
Who are the key people at Sparxity?
Key people named in this report: Hector Gonzalez (Co-founder and CEO).