Sparxity raises $90m following Series A funding round

German sparse-native compute company Sparxity, formerly known as SpiNNcloud, has raised $90 million in a Series A funding round led by ICM HPQC Fund. The company plans to use the financing to develop custom chips targeting ultra-sparse AI inference and to address rising infrastructure costs and energy consumption. Sparxity stated that its full-stack systems compute only what matters to minimize data movement and reduce bottlenecks. Open article →