Cresco is proud to have assisted Vertical Compute in its EUR 20 million seed investment round. One of the largest seed rounds ever for a Belgian start-up led by imec.xpand and backed by a strong investor base including Eurazeo, XAnge, Vector Gestion and Imec.
Vertical compute is a spin-off of the renowned research center Imec, which has developed an innovative data storage technology which will have a transformative impact, enabling next-generation applications with unparalleled efficiency and privacy. By minimizing data movement and bringing large data closer to computation, the innovation ensures energy savings of up to 80%, unlocks hyper-personalized AI solutions, and eliminates the need for remote data transfers, protecting user privacy.
This investment will support Vertical Compute’s ambition to develop a novel vertical integrated memory and compute technology, unlocking a new generation of AI applications.
Congratulations to the whole Vertical Compute team and especially to CEO Sylvain Dubois and CTO Sebastien Couet as well as the syndicate of investors for this major accomplishment.
The Cresco deal team consisted of Olivier Van Raemdonck and Dominik Verbist.
More information can be found in De Tijd and Imec’s press release.
For additional inquiries, please contact Olivier Van Raemdonck.
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