About GrAI Matter Labs
GrAI Matter Labs is a Technology company based in Paris (France) founded in 2016 by Atul Sinha and Ryad Benosman, and was acquired by Snap in October 2023. Programmable processors for neuromorphic computing are provided. GrAI Matter Labs has raised $29 million across 2 funding rounds from investors including Snap, Bpifrance and iBionext. Its chief executive, as recorded, is Ingolf Held. Its focus areas include Semiconductors, Digital ICs, Microprocessors and Neural Processing Unit.
Company details
GrAI Matter Labs was founded in 2016 in Paris, France, and operates in the neuromorphic computing sector. Programmable processors are developed to support multi-modal sensor analytics and machine learning with low power consumption. Applications are targeted at areas such as Internet of Things devices, autonomous navigation systems, smart homes, health monitoring, and wearable technology. Leadership includes co-founders Atul Sinha and Ryad Benosman, with Ingolf Held as CEO.
- Headquarters Paris, France
- Founders Atul Sinha, Ryad Benosman
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website graimatterlabs.ai
- Social LinkedIn X
- Acquired by Snap (Oct 2023)
Funding Insights of GrAI Matter Labs
GrAI Matter Labs has successfully raised a total of $29M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $14 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $29M
- Total Rounds 2
- Last Round Series A — $14M
- First Round $15M
(Apr 2018)
- Investors Count 4
All 2 funding rounds of GrAI Matter Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2020 | $14M | Series A | – | iBionext | |
| Apr 2018 | $15M | Series A | – | iBionext, 360 Capital Partners | – |
5 investors in total: 5 institutional.
Investors in GrAI Matter Labs
GrAI Matter Labs has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Snap, Bpifrance and iBionext.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
iBionext is focused on creating and funding health tech start-ups. | ibionext.com | Paris, France | ||
Venture capital firm investing in digital tech startups | 360cap.vc | Paris, France | ||
Investment services are provided by 3T Finance to SMEs. | 3tfinance.com | Brussels, Belgium | ||
Corporate consultancy, advisory, and funding services are provided to businesses. | 2012 | bpifrance.com | Maisons Alfort, France | |
Communication and media sharing are enabled via an online platform. | 2011 | snap.com | Santa Monica, United States |
Investor details for GrAI Matter Labs
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People of GrAI Matter Labs
12 people are tracked at GrAI Matter Labs (5 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Atul Sinha | Co-Founder & Board Member | Leadership |
Ryad Benosman | Co-Founder & CSO | Leadership |
Ingolf Held | CEO | Leadership |
Giacomo Indiveri | Co-Founder | Leadership |
Sebastian F. | Director Of R&d (ai/ml) | Leadership |
Cheng Li | Senior Machine Learning Engineer | Team |
Steven Roos | AI Processor Architect | Team |
Zeqi Z. | Senior AI Computer Architect | Team |
Rémi Drouin | Embedded Software Engineer | Team |
Nuno Pires | Principal Engineer and Team Lead | Team |
Jarno Brils | Machine Learning Tools Engineer | Team |
Konstantinos Pagkos | AI Software Engineer | Team |
Complete people profiles for GrAI Matter Labs
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Timeline of GrAI Matter Labs
4 dated milestones of GrAI Matter Labs across 7 years, from founding to its latest funding, stage changes and deals.
- Founded GrAI Matter Labs is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series A, of $14.0M.
- Exit Acquired by Snap.
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Frequently Asked Questions about GrAI Matter Labs
GrAI Matter Labs was founded in 2016 and raised its 1st funding round 2 years after it was founded.
GrAI Matter Labs is headquartered in Paris, France.
Ingolf Held is the CEO of GrAI Matter Labs, as recorded in our data.
GrAI Matter Labs is a funded company, having raised a total of $29M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Apr 2018.
GrAI Matter Labs was founded in 2016 in Paris, France, and operates in the neuromorphic computing sector. Programmable processors are developed to support multi-modal sensor analytics and machine learning with low power consumption. Applications are targeted at areas such as Internet of Things devices, autonomous navigation systems, smart homes, health monitoring, and wearable technology. Leadership includes co-founders Atul Sinha and Ryad Benosman, with Ingolf Held as CEO.
GrAI Matter Labs has 5 investors. Key investors include Snap, Bpifrance, iBionext, 360 Capital Partners, and 3T Finance.
Yes. GrAI Matter Labs was acquired by Snap in October 2023.