GEMESYS, an AI hardware startup based in Bochum, Germany, raised €8.6 million in a pre-seed round led by Amadeus APEX Technology Fund and Atlantic Labs to advance its innovative analog neural network processing technology for edge devices.

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GEMESYS, an AI hardware startup based in Bochum, Germany, has secured €8.6 million in a pre-seed funding round. The funding was led by the Amadeus APEX Technology Fund and Atlantic Labs, with contributions from NRW.BANK, the Sony Innovation Fund, and Silicon Valley’s Plug and Play Tech Center, alongside grant funding from the German government. This capital will facilitate the acceleration of research and development efforts at GEMESYS while enabling the company to enhance its team with new hires, including positions for Senior C++ Developer and Senior Simulation Engineer.

At the forefront of innovation, GEMESYS specializes in developing next-generation AI chips that utilize entirely analog neural network processing. This approach allows for advanced AI training and inference on edge devices, setting the stage for efficient mobile artificial intelligence solutions. Dr. Dennis Michaelis, the CEO, envisions expanding the horizons of on-device learning capabilities, focusing on empowering edge devices with superior technology developed in Europe.

Industry Overview in Germany

The AI hardware industry in Germany is rapidly evolving, mirroring global trends but emphasizing the need for technological independence and innovation. As Europe faces increasing competition from AI advancements dominating the US and Asian markets, initiatives