State Farm: Lumai secures more than 9.2 million to slash AI processing costs and boost performance

Oxford-based Lumai, an AI accelerator startup using optics to address global computational challenges, today announced that it has secured more than €9.2 million to help AI data centres reduce costs and boost performance - while minimising energy consumption. The round was led by VC investor Constructor Capital, with participation from existing investor IP Group, alongside [...] The post Lumai secures more than €9.2 million to slash AI processing costs and boost performance appeared first on EU-Startups.