Finnish Minima Processor Ltd, whose patented technology promises to cut energy need of digital computing up to 20-fold, has received €1.6 million in equity funding.
The technology is based on the optimisation of microprocessors’ operating points and the company says it has made a new world record in energy efficiency using this technique.
Minima Processor Ltd was founded in April 2016 to commercialise the innovations made at Finnish research institutions. Minima raised 1.6 million euros seed round from CFT Nordic Capital Ltd which is backed by CFT Capital Ltd, VTT Ventures Ltd and private investors.
“Minima is involved in changing the world and promoting digitalisation. Our disruptive technology is a cost-effective solution that enables a boost in digital computing for a wide range of applications. For example, the computing power of virtual-reality devices can be increased with Minima’s technology’,” says the company’s Chairman of the Board Jani Mäkipää.
The company’s technology is added to integrated digital computing microchips before manufacturing. The company delivers and licences its technology to other semiconductor companies. These companies then integrate the technology into their products. In the initial phase, Minima is aiming for a leading market share in energy saving solutions for data processing in IoT devices. In the future, its operations will be expanded into other market areas.
In the initial phase, Minima is aiming for a leading market share in energy saving solutions for data processing in IoT devices. Since every IoT device connected to the web needs digital computing capacity, the reduction of the energy requirements for this type of computing is a critical factor in terms of IoT productivity and environmental impact.
“IoT deployment will alter many industry practices and create new ways of doing things,” says Minima’s CEO Toni Soini. “There will be many opportunities for innovative and agile companies to challenge the old models.”