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Sparxity Raises $90m Following Series A Funding Round
ICM HPQC Fund led the round as Sparxity said its chips can make some AI inference tasks up to 44 times faster.
- Sparxity, a German sparse-native compute company formerly known as SpiNNcloud, has raised $90 million in a Series A funding round led by ICM HPQC Fund, with participation from Lockheed Martin Ventures, GlobalFoundries, GS Futures, Cloudberry Ventures, TGFS, and the EIC Fund.
- Founded in 2021 in Dresden, the company leverages SpiNNaker2 chip technology to focus on "fine-grained dynamic sparsity," minimizing data movement to reduce energy consumption and boost AI inference performance.
- Across three chip designs, Sparxity has manufactured more than 70,000 units and installed 12 racks, claiming systems run certain machine learning calculations 10 times faster while using 18 times less energy.
- Last week, Sparxity signed a letter of intent with T-Systems, the business arm of Deutsche Telekom, to integrate its technology into data centers, following an October deployment at the JUPITER supercomputer in Germany.
- CEO Hector Gonzalez stated the financing validates the company's vision for "sparse-native computing" and will help accelerate the transition to heterogeneous data centers, as Sparxity serves more than 30 customers including major supercomputing facilities.
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DRESSEN, Germany--(BUSINESS WIRE)--Nov 10, 2026--
Dresden AI chipmaker Sparxity closes Series A, taking funding to $90M
Sparxity, a Dresden company that builds computer chips and systems for AI, has closed its Series A funding round. The round brings the company’s total raised to $90M. Yet Sparxity did not say how much of that came from the Series A. ICM HPQC Fund, which invests in computing and quantum infrastructure, led the round. […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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Total News Sources14
Leaning Left1Leaning Right0Center3Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
L 25%
C 75%
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