VSORA to Receive $13.18 Million in Funding from the European

VSORA to Receive $13.18 Million in Funding from the European Innovation Council Accelerator Program

November 02, 2023 10:54 ET| Source: VSORA Inc

Funds will be used for Development, Deployment of Unparalleled Hardware Acceleration Solutions
Target Markets Include AI Inference, Advanced Signal Processing, Complex Algorithmic Designs

PARIS, Nov. 02, 2023 (GLOBE NEWSWIRE) -- VSORA today announced it will receive $13.18 million from the European Innovation Council (EIC) Accelerator Program for development and deployment of its unparalleled hardware acceleration solutions for AI inference, advanced signal processing and complex algorithms.

VSORA was selected as one of 47 companies from a total of 648 candidates receiving $369 million in grants and equity funding. Its unique scalable and unified processor architecture will enhance the performance and user experience of a broad spectrum of computing applications ranging from Generative AI and autonomous driving to edge AI.

“We are proud that the EIC endorsed our vision and ambition to enable a new computing hardware paradigm,” remarks Khaled Maalej, VSORA’s founder and CEO.

Earlier this year, VSORA unveiled Jotunn™, a chiplet-based scalable solution to provide a massive performance jump for GenAI inference by seamlessly accelerating the broad variety of advanced AI and compute-intensive algorithms. The Jotunn solution provides up to 3.2 petaflops with significantly reduced power consumption compared to existing solutions and a compute efficiency of more than 50% for GPT-3.5 or the full GPT-4, compared to a typical efficiency range of about 2-4% of the current industry solutions.

VSORA has also developed the Tyr™ family of PetaFLOPS computational companion chips to accelerate Level 3 (L3) through Level 5 (L5) autonomous driving and advanced driver-assistance systems (ADAS) platforms. It is based on the VSORA award-winning AD1028 architecture, delivering between 400-trillion and 1,600-trillion operations per second with a power consumption of as little as 10W.

About VSORA
VSORA develops high-performance silicon solutions for the latest generation of artificial intelligence and leading-edge algorithms. Achieving performance with high efficiency in line with the most demanding applications, its patented architecture merges digital signal processing (DSP) and AI acceleration combined with an easy-to-use software programming. Founded in 2015 by a team of DSP and AI scientists and engineers with a long history of successes, VSORA has offices in Meudon-La-Forêt, France, Taiwan, Korea and Japan.

Connect with VSORA:
Website: www.vsora.com
Email: info@vsora.com
LinkedIn: https://www.linkedin.com/company/vsora/

For more information, contact:
Nanette Collins
Public Relations for VSORA
(617) 437-1822
nanette@nvc.com