Samsung Ventures Invests In Israeli Semiconductor Startup NeuReality
Israeli AI systems and semiconductor startup NeuReality, announced a new investment from Samsung Ventures on Monday to advance AI solutions and highly efficient inference technologies for clients and data centers.
Samsung Ventures promotes promising small and medium-sized startups and companies engaged in the development of new technologies.
“We see substantial and immediate need for higher efficiency and easy-to-deploy inference solutions for data centers and on-premises use cases, and this is why we are investing in NeuReality,” said Ori Kirshner, head of Samsung Ventures in Israel. “The company’s innovative disaggregation, data movement and processing technologies improve computation flows, compute-storage flows, and in-storage compute––all of which are critical for the ability to adopt and grow AI solutions.”
Founded in 2019, NeuReality designs purpose-built AI-platforms to massively scale real-life AI applications. The company reconfigures inference technologies like computer vision, natural language processing, and recommendation engines in a way that makes them easier to implement for less technically-oriented companies. The company aims to provide its customers with AI-as-a-service infrastructure so that they may scale their AI usage while reducing costs, energy consumption, and their dependency on CPUs, NICs, and PCI switches.
NeuReality’s solutions are designed for several economic sectors including public safety, e-commerce, social networks, healthcare, and digital personal assistants, among others. The company’s NR1 security operations center (SoC), which targets cloud and enterprise datacenters, carriers, telecom operators, and other near edge compute solutions, is the company’s next generation circuit device that will remove lingering bottlenecks, lower latency of AI operations, and further save on costs and power consumption.
“The investment from Samsung Ventures is a big vote of confidence in NeuReality’s technology,” said Moshe Tanach, CEO and co-founder of NeuReality. “The funds will help us take the company to the next level and take our NR1 SoC to production. This will enable our customers to evolve their system architecture, and this evolution will make it easier for them to scale and maintain their AI infrastructure, whether it is in their data center, in a cloud or on-premises.”
NeuReality emerged from stealth in February 2021 with $8 million in seed funding contributed by investment firms Cardumen Capital, OurCrowd, and Varana Capital. Seven months later, the company signed an agreement with IBM to develop next generation high-performance AI inference platforms.