CogniFiber, a deep technology company developing advanced in-fiber photonic processing systems, raised a $6 million Series A round of funding.
The round was led by Chartered Group, a private equity firm specializing in disruptive technologies with a far-reaching presence in Europe and Asia. This investment opens the path to break through current processing speed barriers, unlocking many AI-driven business opportunities.
Today’s hyper-scale data centers and edge devices alike run on silicon-based processors. Moore’s law, the standard trend in processor evolution, predicts that the capability of chips will double every two years without increasing in size. This capability is fast approaching a wall as the industry struggles with today’s barriers while maintaining efficiency and reliability. Complex computations can now be done on the fly with light carried through optical fibers.
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.
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.
Dr. Eyal Cohen, Co-founder & CEO of CogniFiber
This new ability to compute complex algorithms in a fraction of the time will leave Moore’s law in the rearview mirror,” said . “In-fiber processing allows for the realization of a 100-fold boost in processing speed and efficiency.
