NeoLogic raises $8 million in Seed to develop stronger, more efficient chips
NeoLogic raises $8 million in Seed to develop stronger, more efficient chips
The processor market for data centers is currently estimated at $110 billion and the company has filed three patent applications so far
NeoLogic, an Israeli company that has developed a chip technology for higher computing power, has raised $8 million in Seed led by Maniv Mobility venture capital fund with lool Ventures and M-Ventures. The company’s Quasi-CMOS design reduces the transistor count of a microprocessor by up to a third of its originally designed number of transistors, making it possible to develop processors of higher computing power and more energy-efficient while reducing their price.
“In the near future, AI accelerators will make up a significant percentage of data center processors,” explained Dr. Avi Messica, co-founder and CEO of NeoLogic. “Current microprocessors rely on 40 years old (CMOS) technology. Chip designers are struggling to meet the current and future computation power and power consumption requirements. NeoLogic’s technology breaks through the limitations of CMOS, reduces the complexity of digital circuits, and offers a dramatic improvement in the price-performance ratio and chip area.”
According to NeoLogic, the processor market for data centers is currently estimated at $110 billion and the company has filed three patent applications so far. It aims to meet accelerating workloads of AI tasks, machine learning, video processing, and data science in data centers and at the edge.
"Our investment in NeoLogic reflects our belief in the company's groundbreaking technology and its ability to bring about a significant change in the way companies develop advanced processors," said Yaniv Golan, managing partner at lool ventures. Nate Jaret, a general partner at Maniv Mobility, added: "NeoLogic’s innovative architecture represents a paradigm shift in the development of microprocessors at a period when groundbreaking innovations in the semiconductor industry generate exceptional economic value.”
The company was founded in 2021 by Messica and Ziv Leshem, who serves as CTO. Messica holds a Ph.D. from the Weizmann Institute of Science and has 25 years of experience at high-tech companies and solid-state physics and quantum devices. Leshem has 24 years of experience in processor design and has worked for semiconductor companies such as National Semiconductors, DSPG, and Synopsys.
