Led by Innovacom together with Thales, Definvest and the French Tech Seed Fund, with the backing of historical shareholders Soitec and Zepp Health, the funding will be used to ramp up the production of its GAP9 processor which is enjoying significant market traction with tier one hearables vendors.
The GAP9 processor allows users to bring audio features, such as Neural Network based Noise Filtering and Adaptive Transparency, to market. The processor is also being designed into battery powered IoT products such as smart cameras, condition monitoring sensors and vital sign monitoring devices.
In addition, the company said that the funding will be used to support the development of GreenWaves’ next generation processor to further enrich the features and extend the battery life and programmability of the next generation of earbuds and to enable new automotive applications.
“We are delighted about the rate of customers adoption of GAP9, with a dozen design wins in hearables and IoT. Hearables is on its way to surpass smartphones in innovation and volume”, said Loic Lietar, CEO of GreenWaves Technologies. “In IoT applications we serve the most demanding low power smart camera use cases, where GAP9 shines”.
GAP9 provides the platform for companies requiring a combination of neural network, classic and ultra-low latency Digital Signal Processing capabilities in highly energy constrained products. It enables these applications while remaining highly flexible and easy to programme, as well delivering the lowest energy consumption across all of the tests in the MLPerf Tiny v1.0 inference benchmark.
“We are proud to have accompanied GreenWaves Technologies, a pioneer in the edge processor industry at a turning point in its recent history and to have helped it demonstrate the potential of its products and technology. We are now particularly pleased to be leading this financing round and to support the company in a new very exciting stage of growth.” said Vincent Deltrieu, Partner and Member of the management board of Innovacom.
