LightSolver, a Tel Aviv, Israel-based laser-based computing company, received an initial grant of €2.5M from the EIC Fund combined with a future equity investment of €10M, totaling €12.5M.
The company intends to use the funds to advance the commercialization of its platform and accelerate its growth in the high-performance computing (HPC) sector.
Founded in 2020 by Dr. Ruti Ben-Shlomi and Dr. Chene Tradonsky, LightSolver develops a pure laser-based processing unit (LPU™), a computing method that wants to outperform quantum and supercomputers. It utilizes all-optical coupled lasers that require no electronics to compute, enabling it to be as small as a traditional desktop computer while offering scalability, low power requirements, and room temperature operation. Applications such as computer-assisted engineering (CAE), bio-science computations, and intractable optimization problems are amongst the workloads that can be accelerated by LightSolver’s platform.
LightSolver has secured investment from TAL Ventures, Entree Capital, IBI Tech Fund, and Angular Ventures.
FinSMEs
07/08/2024