LightSolver, an organization that’s creating a laser-based computing paradigm, has introduced that it has been chosen for the European Innovation Council (EIC) Accelerator Program. The corporate will obtain an preliminary grant of €2.5 million (NIS 10.4M) from the EIC Fund and a future fairness funding of €10 million (NIS 41.7M), totaling €12.5 million (NIS 52.2M). LightSolver joins 67 different firms chosen from a pool of 969 candidates.
“We’re humbled to affix the rows of trailblazing startups in fields reminiscent of sustainability, MedTech, and area expertise which have acquired funding from the EIC,” mentioned LightSolver CEO and co-founder Ruti Ben-Shlomi, Ph.D. “The quantity of vitality consumed by computing globally has been rising exponentially and is turning into unsustainable, therefore the necessity for a brand new computing paradigm. Our laser-based processor can deal with giant and complicated computations quicker than GPUs. It’s also a lot much less environmentally demanding than quantum computer systems, requiring no vacuum or ultracold temperatures which implies that it may well stay in a knowledge middle.”
The corporate is dedicated to constructing the primary all-optical supercomputer that’s extra energy-efficient than classical computer systems, drastically lowering the economic carbon footprint and the Complete Price of Computing (TCoC). LighSolver’s processor, the Laser Processing Unit (LPU), harnesses the pure property of sunshine to execute mathematical operations and assist business and analysis to course of compute-intensive workloads in a fast and energy-efficient manner. Workloads that may be accelerated with its platform embrace computer-assisted engineering (CAE), bio-science computations, and intractable optimization issues.
The corporate will use the EIC assets to advance the commercialization of its platform and speed up its progress within the high-performance computing (HPC) sector.
The EIC is an initiative by the European Fee to help startups, SMEs, and researchers to develop and scale improvements. It was launched as a technique to drive Europe’s management in new expertise and innovation and goals to determine, help, and
put money into tasks throughout sectors reminiscent of computing, vitality, telecom, pharmaceutical, medical and extra.
LightSolver was based in 2020 by Weizmann Institute physicists Dr. Ruti Ben-Shlomi and Dr. Chene Tradonsky. It has so far secured funding from AL Ventures, Entrée Capital, IBI Tech Fund, and Angular Ventures.
