Dresden-based Sparxity raised a Series A, bringing its total funding to $90 million. The AI chip startup builds sparse computing systems. ICM HPQC Fund led the round, with Lockheed Martin Ventures and GlobalFoundries among the backers.
Funding history
Sparxity's earlier funding included a €2.5 million EIC Transition grant in February 2023. It also received €10 million in combined EIC Accelerator funding announced in June 2025. Angel investors in the Series A include Richard Socher and Nancy Xu.
Company traction
Sparxity has completed three tapeouts and produced more than 70,000 chips. It reports more than 30 customers worldwide and 12 deployed racks. Revenue quadrupled between 2024 and 2025, according to the company.
Sparse compute
Sparxity builds chips and systems for sparse AI workloads. The company reports 10 times faster sparse solvers and 18 times lower energy use in event-based machine learning. Its next-generation chip will target dynamic sparsity in AI inference.
Sparxity signed a letter of intent with Deutsche Telekom for a deployment expected in 2028. The Series A will also fund the launch of its second product. It will support a new tapeout and production to meet orders.