Germany’s Sparxity raises Series A, total funding hits $90M

Cointime update: Dresden-based AI chip and systems company Sparxity has closed a Series A round, bringing its cumulative funding to $90 million, though the company did not disclose the round’s specific amount. ICM HPQC Fund led the round, with Lockheed Martin Ventures, GlobalFoundries, GS Futures, Cloudberry Ventures, TGFS and EIC Fund participating. Sparxity, formerly SpiNNcloud, said the capital will fund chips for fine-grained dynamic sparsity, targeting up to 44x faster AI inference on ultra-sparse models.