Milan-based deeptech startup Neuronova, which develops AI chips that deliver higher performance with lower energy consumption, has raised €1.5 million in pre-seed funding. The round was backed by Tech4Planet and 360 Capital.
- Founded in 2024 by Alessandro Milozzi, Michele Mastella, and Marco Rasetto, Neuronova develops ultra-low-power AI chips that enable high-performance artificial intelligence to run directly on battery-powered devices.
- The startup claims that its technology reduces energy consumption by up to 1000x compared to traditional AI processors, allowing AI to operate efficiently without relying on the cloud.
Details of the deal
- The investment was led by 360 Capital, a French venture capital firm focused on early-stage deep tech and digital startups across Europe. In October, 360 Capital raised €30 million for the first closing of its early-stage fund, 360 Digitaly, which aims to support Italian startups in their digital transformation.
"This game-changing tech makes smart devices smarter and greener, paving the way for sustainable IoT and wearables," 360 Capital's team, commented on LinkedIn.
- The pre-seed round also saw support from Tech4Planet, a Rome-based National Technology Transfer Hub launched by CDP Venture Capital Sgr to transform environmental sustainability research projects into companies.
- Neuronova will use the €1.5 million in funding to advance the development of its ultra-low-power AI processors, enabling energy-efficient AI applications for battery-powered smart devices and sensors.
