July 28, 2023
NeoLogic, an Israel-based processor technology startup, has secured $8 million in seed funding led by Maniv Mobility venture capital fund, alongside lool Ventures and M-Ventures, with support from the Israeli Innovation Authority. This comes at a time when venture capital investments have been declining.
As the company continues to expand, it is actively hiring new talent to join its team of 13 employees.
Explore job opportunities at NeoLogic: Link to Career Page
NeoLogic's groundbreaking architecture represents a paradigm shift in microprocessor development, attracting investment from visionary funds like Maniv Mobility and lool Ventures, who believe in the potential of this transformative technology.
The company's breakthrough technology, Quasi-CMOS, redefines chip design by reducing the transistor count of microprocessors by up to a third. The result is processors with higher computing power, improved energy efficiency, and significantly reduced costs. This innovation is set to address the growing demands of artificial intelligence, machine learning, data science, and video processing tasks in data centers and edge computing.
Founded in 2021 by experienced veterans in R&D and microprocessor design, Dr. Avi Messica (CEO) and Ziv Leshem (CTO), NeoLogic is already attracting strong interest from customers. With the processor market for data centers estimated at a staggering $110 billion, and AI accelerators set to dominate future processors, NeoLogic's technology offers a promising solution to meet the ever-increasing computation and power consumption requirements.
Link to the original article on StartupHub