Samsung invests in Israeli AI systems & semiconductor company
Samsung Ventures has made an investment in NeuReality, an Israeli AI systems and semiconductor company.
NeuReality makes inference technologies, such as computer vision, natural language processing, and recommendation engines easier to implement for a broader set of less technical companies. The Israeli company's solution includes hardware, software and tools that work together to simplify and accelerate AI deployment. NeuReality currently employs more than 30 employees and plans to double its size and recruit talent in VLSI chip design, AI, software, and hardware.
"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. 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," says Ori Kirshner, head of Samsung Ventures in Israel, in a press release.
Focusing on the growth of real-life AI applications, NeuReality’s solutions are purpose built for a variety of sectors including public safety, e-commerce, social networks, medical and healthcare, digital personal assistants, and more. NR1 solution targets cloud and enterprise datacenters, alongside carriers, telecom operators and other near edge compute solutions.
NeuReality emerged out of stealth last year with USD 8 million seed funding from Cardumen Capital, OurCrowd and Varana Capital. In November 2021, NeuReality signed an agreement with IBM to develop the next generation of 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.
The company's NR1 is the company's next generation integrated circuit device that is based on its AI-centric architecture. The SoC improves the utilization of AI compute resources that are currently deployed by removing the existing system bottlenecks, lowering the latency of AI operations and saving in overall system cost and power consumption. The company also develops complementary software tools and runtime libraries that make it easy for customers in various skill levels and various deployment topologies to adopt new AI based services in their business workflows.
"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 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," says Moshe Tanach, CEO and co-founder of NeuReality, in the press release.