NeoLogic raises $8 million in seed funding

NeoLogic, an Israeli company that has developed a chip technology for higher computing power, delivers Quasi-CMOS design that 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 centre 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 centres 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 centres 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.”

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