ZeroPoint Technologies raises EUR 3.2 million in seed funding

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ZeroPoint Technologies has closed a EUR 3.2 million seed round, from climate tech investor Climentum Capital, Nordic VC Industrifonden, Chalmers Ventures, and present shareholders.

The company, based in Sweden, has developed an innovative new technology that can reduce the energy consumption of data centres by more than 25%. The new capital will be used to grow and expand the company’s international presence and take new products to market.

ZeroPoint claims that its technology can drastically increase the energy efficiency of servers, delivering up to 50% more performance per watt by removing unnecessary information from the memory, enabling data centres to maximize their performance and reduce energy consumption.

A typical server memory contains up to 70% unnecessary information and ZeroPoint’s technology looks to remove all that waste by combining ultra-fast data compression with real-time data compaction and transparent memory management. Integrating these three areas into one solution for maximising performance per watt makes ZeroPoint unique. The company’s IP block is easy to integrate with existing industry standard on-chip-bus-protocols.

"ZeroPoint Technologies’ vision is to enable high-performance servers that are environmentally friendly. Memory bottlenecks are a tremendous challenge for semiconductor developers, and we mitigate this challenge by doubling main memory capacity and memory bandwidth. Systems with ZeroPoint technology are environmentally friendly and financially effective. By putting unused memory to work we can deliver up to 50% more performance per watt. And this is the single most important metric to high-performance servers.”, says ZeroPoint Technologies CEO Klas Moreau.

“Data centres have a rapidly increasing physical presence in the world with equally fast-growing energy consumption. Addressing this challenge is a key part of developing a sustainable industrial base in Europe and the world “said Malin Carlström, General Partner at Climentum Capital, and one of the leading investors in this funding round. “The major data centre players have signed up to RE100, a global initiative bringing together businesses committed to 100% renewable electricity, but to get there in a useful timeframe, energy consumption per server will need to go down.”