ZeroPoint raises funding to reduce energy consumption of data centers by more than 25%
Feb 09, 2023 | Posted by MadalineDunn
ZeroPoint has announced that it has closed a EUR 3.2 million seed round, provided by Climentum Capital, Nordic VC Industrifonden, and Chalmers Ventures, through which it will further grow its offerings, including its technology that can reportedly reduce data center energy consumption by more than 25%.
ZeroPoint Technologies CEO Klas Moreau, explained that the vision of the company is to enable high-performance servers that are "environmentally friendly." Further, he explained: "Memory bottlenecks are a tremendous challenge for semiconductor developers, and we mitigate this challenge by doubling main memory capacity and memory bandwidth. Systems with ZeroPoint technology are environmentally friendly and financially effective. By putting unused memory to work we can deliver up to 50% more performance per watt. And this is the single most important metric to high-performance servers."
Meanwhile, Malin Carlström, General Partner at Climentum Capital, commented: “ZeroPoint is a perfect fit for us, as an Article 9 SFDR (Sustainable Finance Disclosure Regulation) climate tech fund focused on sustainable industry. Data centers have a rapidly increasing physical presence in the world with equally fast-growing energy consumption. Addressing this challenge is a key part of developing a sustainable industrial base in Europe and the world. The major data center players have signed up to RE100, a global initiative bringing together businesses committed to 100% renewable electricity, but to get there in a useful timeframe, energy consumption per server will need to go down.”
ZeroPoint Technologies CEO Klas Moreau, explained that the vision of the company is to enable high-performance servers that are "environmentally friendly." Further, he explained: "Memory bottlenecks are a tremendous challenge for semiconductor developers, and we mitigate this challenge by doubling main memory capacity and memory bandwidth. Systems with ZeroPoint technology are environmentally friendly and financially effective. By putting unused memory to work we can deliver up to 50% more performance per watt. And this is the single most important metric to high-performance servers."
Meanwhile, Malin Carlström, General Partner at Climentum Capital, commented: “ZeroPoint is a perfect fit for us, as an Article 9 SFDR (Sustainable Finance Disclosure Regulation) climate tech fund focused on sustainable industry. Data centers have a rapidly increasing physical presence in the world with equally fast-growing energy consumption. Addressing this challenge is a key part of developing a sustainable industrial base in Europe and the world. The major data center players have signed up to RE100, a global initiative bringing together businesses committed to 100% renewable electricity, but to get there in a useful timeframe, energy consumption per server will need to go down.”