05.06.2024 09:01, Rita Longobardi
The Engineering startup Synthara raises USD 5.5m in financing and USD 5.9M in grants to increase the compute performance of embedded chips by orders of magnitude.
AI-rich embedded applications like robotics and wearables, a market worth over USD 200 billion, are growing rapidly but face challenges due to conventional embedded chip limitations. ComputeRAM enhances on-chip memory with computing capabilities, making micro-controllers 100x more energy-efficient and faster, reducing costs and time to market.
Swiss semiconductor innovator
Synthara has secured over USD 11 million in funding, led by Vsquared Ventures and including OTB Ventures, Onsight Ventures, Deep Tech Labs, and existing investors. Hermann Hauser joined as an advisor. This funding will help launch Synthara's ComputeRAM, a patent-pending product designed for embedded computing applications.
Founded in 2019 as a spin-off from ETH Zurich and the University of Zurich, Synthara is based on the research of Dr. Manu V. Nair (CEO) and Dr. Alessandro Aimar (CTO). The 20-person Zurich-based team is involved in European projects and has received substantial funding from Innosuisse and SERI, including a CHF 2.5 million Swiss Accelerator grant.
Synthara participated in
Venture Leaders Technology in San Francisco in 2021.
"The energy in Silicon Valley is tremendous and the only way to really understand it is to be a part of it. In the future, I might look back at the Venture Leader Technology program as a key milestone in terms of my personal growth as an entrepreneur," commented Manu Nair, Co-Founder and CEO of Synthara.
Synthara Co-Founders: CEO Manu Nair and CTO Alessandro Aimar