LightSolver is building a novel, all-optical supercomputer and hoping EU funding can help bring it to the market
Ruti Ben-Shlomi, LightSolver's co-founder and CEO. Photo credits: Ruti Ben-Shlomi / LinkedIn
LightSolver, a Tel Aviv-based start-up developing a novel all-optical supercomputer, has made significant strides since its launch in 2020. But pioneering a new paradigm in supercomputing comes at a price, which the European Innovation Council (EIC) has helped with.
The company secured a €2.5 million grant combined with a €10 million equity investment in the latest round of the EIC Accelerator, a €7 billion funding programme for high-risk deep tech start-ups.
Before that, LightSolver had only raised seed money. Now it hopes the backing of the EU’s start-up fund will be a signal to other investors that a supercomputer based solely on lasers, bypassing traditional electronic components, could be a commercial reality.
Such an…
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