Nordic Deep Tech fund Industrifonden served as the local lead for this round while existing investors participating in this round included Climentum Capital and Chalmers Ventures.
The new funds will be used to scale sales of existing products, bring additional hardware-accelerated memory products to market, and grow the company’s existing teams in Sweden and the United States.
“Our customers include some of the biggest semiconductor companies in the world and our products are in demand by data centre operators looking to overcome the mounting challenge of memory bottlenecks,” said Klas Moreau, CEO of ZeroPoint Technologies. “In fact, leading hyperscalers, such as Meta and Google, are now specifically calling for hardware-based compression technologies related to CXL-connected memory.”
According to Tobias Elmquist, senior investment director at Industrifonden, “With market trends such as the rapid expansion of AI, we believe that the memory bottleneck issue is more urgent today than when we made our initial investment in ZeroPoint.”
Typically, up to 70% of data stored is redundant and ZeroPoint’s products look to dramatically reduce that waste, which frees up memory capacity and increases bandwidth. This is accomplished by the company’s hardware-accelerated compression and compaction solution. It combines lossless ultra-fast data compression with real-time data compaction and transparent memory management.
Given the exponentially increasing memory demands of today’s applications, partially driven by the explosive growth of generative AI, ZeroPoint looks to address the critical need of today’s hyperscale and enterprise data centre operators to get the most performance and capacity possible from increasingly expensive memory.
The company’s solutions are proven to increase memory capacity by 2-4x while also delivering up to 50% more performance per watt. In combination, these two effects can reduce the total cost of ownership of data centres servers by up to 25%.
ZeroPoint’s technology has been found to be 1,000x faster than other compression technologies currently on the market, which allows ZeroPoint to compress data across the entire memory hierarchy - all the way from Cache to Storage. Its technology is agnostic to data load, processor type, architectures, memory technologies and processing node, and the company’s IP has already been proven on a TSMC 5nm node.
ZeroPoint Technologies is a spinout from Chalmers University of Technology in Gothenburg, Sweden.
