We are thrilled to announce that UPMEM has successfully raised €7M to revolutionize AI and analytics processing! This significant milestone will pave the way for massive energy efficiency and hardware footprint gains in data centers and high-end devices.

Here are some highlights from our recent press release:

πŸš€ UPMEM has raised €4.1M in equity from the European Innovation Council (EIC) Fund and various venture capitalists, along with a €2.5M grant from the EIC.

πŸ”§ Our pioneering Processing In Memory (PIM) accelerators are set to tackle the significant challenges of compute efficiency for AI and big data applications.

πŸ’‘ The PIM solution can reduce energy consumption, cost, and hardware footprint by up to 10 times, potentially decreasing data center electricity consumption by 20%.

🌍 Now available globally, our solution offers cost-effective and energy-efficient solutions for a range of applications, including large language models, genomics, and large analytics.

Read the full press release.