Sparxity Closes Series A, Bringing Total Funding to $90 Million for Sparse AI Computing

Sparxity, the Dresden-based computing company formerly known as SpiNNcloud, has closed a Series A financing that brings cumulative funding secured by its team to $90 million. The investment will support specialized chips designed for fine-grained dynamic sparsity, an approach that concentrates AI computation on the parts of a model needed for each task. The round was led by ICM HPQC Fund, with investors including Lockheed Martin Ventures, GlobalFoundries, GS Futures, Cloudberry Ventures, TGFS…

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Sparxity Closes Series A, Bringing Total Funding to $90 Million for Sparse AI Computing