Samsung Ventures invests in Israeli AI company NeuReality
Focusing on AI growth in real life, the company’s solutions are built for a wide variety of sectors
AI systems and semiconductor company NeuReality announced that Samsung has decided to invest in it.
The Israeli company was founded in 2019 and emerged out of stealth in 2021 with $8 million seed funding from Cardumen Capital, OurCrowd and Varana Capital. Its solution includes hardware, software and tools that work together to simplify and accelerate AI deployment.
NeuReality presents itself as “more than just a chip company” and says that its inference technologies – including computer vision, natural language processing, and recommendation engines – easier to implement for a broader set of less technical companies.
In November 2021, NeuReality signed an agreement with IBM to develop next-gen high-performance AI inference platforms that will deliver disruptive cost and power consumption improvements for deep learning use cases. NeuReality is also collaborating with AMD to deliver its first-generation AI-centric FPGA based platforms for Inference acceleration to customers.
Focusing on the growth of real-life AI applications, the company’s solutions are built for a wide variety of sectors including public safety, e-commerce, social networks, medical and healthcare, digital personal assistants, and more.
"The investment from Samsung Ventures is a big vote of confidence in NeuReality’s technology. The funds will help us take the company to the next level,” said Moshe Tanach, CEO and co-founder of NeuReality. “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."
“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. Samsung Ventures is committed to invest in companies with strong synergy to Samsung’s core business and NeuReality fits well into this commitment."