Salience Labs secures £ 9.41m investment led by Cambridge Innovation Capital and Oxford Science Enterprises – UK Technology Investment News

Oxford United Kingdom // Saliency workshops raised a $ 11.5 million seed round to develop an ultra-high-speed multi-chip processor that combines photonics and electronics to accelerate exponential advances in AI. The round was led by Cambridge Innovation Capital and Oxford Science Enterprises, with the participation of Oxford Investment Consultants, former Dialog Semiconductor CEO Jalal Bagherli, Silicon Catalyst, Goh Family Office of Singapore and Arm-supported Deeptech Labs.

AI compute speed doubles every 3.4 months, surpassing what standard semiconductor technologies still have to offer. Meanwhile, AI hardware is moving away from generic applications in response to market demands that are increasingly verticalized based on use cases. To accelerate exponential advances in AI across all industries, a new paradigm for processing is now needed, which is both faster and highly application-specific.

Salience Labs was created by the University of Oxford and the University of Münster in 2021 to commercialize an ultra-high-speed multi-chip processor that packs a photonic chip along with standard electronics. The technology is highly scalable, capable of stacking up to 64 vectors in a beam of light. Using a large bandwidth of light to perform operations, Salience Labs delivers extremely parallel processing performance within a given power envelope.

Salience Labs uses a proprietary amplitude-based approach to photonics, which results in dense processing chips clocked at 10 GHz. This, combined with extremely parallel performance, will enable exascale computing across a wide range of intelligence processes and applications. artificial new and existing.

The company leverages the multi-chip design, with photonic processing mapping directly on top of static random access memory (SRAM). This new “in-memory computing” architecture is inherently faster and can be tailored to the specific application requirements of different vertical markets, making it ideal for realizing use cases of AI in communications, robotics, and systems. vision, healthcare and other data workloads.

Salience Labs technology was designed from the first principles to mass production and is currently fabricating with production-level foundries using standard CMOS processes.

Ian Lane, Partner, Cambridge Innovation Capital said: “Salience Labs brings together deep experience in the field of photonics, electronics and CMOS manufacturing. Their unique approach to photonics offers an extremely dense processing chip without having to resize the photonic chip to large dimensions ”.

Alexis Zervoglos, Partner, Oxford Science Enterprises, said, “Salience Labs offers a pioneering yet pragmatic solution to the growing gap between the demand for AI processing and the supply of the semiconductor industry. By harnessing photonics in a new way, Salience Labs is set to make unprecedented advances in computing, transform existing artificial intelligence applications and open new addressable horizons.

Jalal Bagherli, Salience Labs investor and former CEO of Dialog Semiconductor (acquired 2021, Renesas Electronics Corporation, $ 5.7 billion) said, “The team at Salience Labs is world-class, combining business and technical acumen with a vision disruptive market. Their unique “computation in memory” architecture is groundbreaking, with the potential for a breakthrough performance and power capacity beyond what the established CMOS roadmap offers. “

Vaysh Kewada, CEO and co-founder of Salience Labs said, “The world needs faster and faster chips to increase AI capabilities, but the semiconductor industry cannot keep up with this demand. We are solving this problem with our proprietary “on-memory compute” architecture which combines the ultra-fast speed of photonics, the flexibility of electronics and the manufacturability of CMOS. This will usher in a new era of computing, where supercomputing AI becomes ubiquitous. “

Editor’s Notes

Of Saliency workshops

Founded in 2021, Salience Labs is developing an ultra-high-speed multi-chip processor that packs a photonic chip along with standard electronics. Using light to perform operations, Salience Labs delivers extremely parallel, ultra-high throughput processing performance on a single chip, bringing energy-efficient exascale computing to a wide range of new and existing AI processes and applications.

The company is headquartered in Oxford, UK and funded by a portfolio of investors including Cambridge Innovation Capital, Oxford Sciences Enterprises, Oxford Investment Consultants, Silicon Catalyst, Deeptech Labs and a leader in the global semiconductor industry, including the former Dialog Semiconductor CEO Jalal Bagherli and the Goh Family Office in Singapore.

Of Cambridge Innovation Capital

Cambridge Innovation Capital (CIC) is a major venture capital investor that supports and builds class-leading companies in the deep technologies and life sciences sector. CIC currently manages over £ 300 million and has invested in over 30 companies. CIC is a prime investor for the University of Cambridge, the leading European source of founders for venture capital-backed start-ups.

Cambridge Innovation Capital Manager Limited (FRN: 918898) is authorized and regulated by the Financial Conduct Authority.

Of Oxford Science Enterprises

We are Oxford Science Enterprises, the Science Business Builder. We want to help solve the world’s toughest problems for more people, in more places, faster. We do this by transforming the world’s leading science into companies that change the world by collaborating the best scientists from the best university in the world with the best business brains. We make our companies grow with care and competence; in a systematic and scalable way. We invest for impact in the real world, not just financial returns. And we reinvest the proceeds into the next generation of original research and world-changing businesses.

Our businesses address the problems that affect people in life-changing ways: their health, the availability of food, the survival of the planet. Since 2015, we have received automatic participation in all science spin-outs of the University of Oxford – more than 100 companies founded by over 200 of Oxford’s leading academics. We have taken a leading role in creating and building over 70 of these, adding +55,000 square feet of lab and start-up space to support them. Today our businesses are worth over £ 2 billion and have created over 2,000 jobs.

Of Deeptech laboratories

Deeptech Labs is a VC fund, accelerator and catalyst for deeptech’s success. Twice a year, its start-up cohort is incorporated into a powerful network of successful entrepreneurs, experienced professionals, leading researchers and deeptech organizations around the world. Deeptech Labs is founded by ARM, Cambridge Innovation Capital, Martlet Capital and the University of Cambridge – state-of-the-art institutions in the heart of Cambridge and global technology ecosystems. The company is headquartered in Cambridge, UK.

Of silicon catalyst

It’s About What’s Next® – Silicon Catalyst is the world’s only incubator focused solely on accelerating silicon solutions (including IP, MEMS and sensors), building a coalition of in-kind and strategic partners to dramatically reduce costs and complexity development. More than 600 startups around the world have engaged with Silicon Catalyst and we have admitted 46 interesting companies. Silicon Power Technology, our Chengdu Joint Venture, has admitted 35 other startups in China. With a network of world-class mentors to advise startups, Silicon Catalyst is helping new semiconductor companies tackle the challenges of moving from idea to implementation. The incubator / accelerator provides startups with a path to design tools, silicon devices, networking, access to finance, banking and marketing acumen to successfully launch and grow their companies’ new technology solutions. Silicon Catalyst was named the winner of Semiconductor Review’s 2021 Top-10 Solutions Company Award. The Silicon Catalyst Angels was founded in July 2019 as a separate organization to provide access to seed and Series A funding for Silicon Catalyst portfolio companies.

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Salience Labs secures £ 9.41m investment led by Cambridge Innovation Capital and Oxford Science Enterprises – UK Technology Investment News

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