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:
🚀 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.
🔧 Our pioneering Processing In Memory (PIM) accelerators are set to tackle the significant challenges of compute efficiency for AI and big data applications.
💡 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.