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CogniFiber, a deep technology company developing advanced in-fiber photonic processing systems, raised a $6 million Series A round of funding led by the Chartered Group.
Speaking on the funding, Dr. Eyal Cohen, Co-founder & CEO of CogniFiber said, “This new ability to compute complex algorithms in a fraction of the time will leave Moore’s law in the rearview mirror. In-fiber processing allows for the realization of a 100-fold boost in processing speed and efficiency.”
“Beyond leaping over the physical limitations of semiconductors, fiber-based processing radically cuts the cost of computing, which demands 1% of the world’s electricity to operate and cool servers. This is even more important for Edge micro centers where high performance needs to co-exist with limited power resources.” He added.
Before officially founding the company in 2018, CogniFiber’s co-founders spent years bringing the technology to life, including working within Intel’s Ingenuity Partner Program.
Commenting on the funding round, Professor Ze’ev Zalevsky, Co-founder & CTO of CogniFiber said, “Senior engineers at Intel were excited to drill down into every aspect of our technology, reviewing its viability to revolutionize how computers operate today. This technology will help deliver on the promise of photonic computing to safety, cybersecurity, autonomous driving, AI-developed medicines, and countless other applications.”
“Working with industry leaders and Japanese investors to promote this revolutionary technology, the Series A funding will go towards creating and delivering a robust and scalable product to market,” the Statement said.
Further talking about the funding, Eyal Agmoni, Founder & Chairman of Chartered Group said, “Thee balance between Israel’s agile approach to innovation and the tradition of high-quality, value-focused technologies amongst Japanese investors creates excellent synergy where entrepreneurs feel they have true partners. Together, these parties will usher in a new era of photonic computing”.