Dresden-based Sparxity raises €80 million for sparse-native AI computing

Sparxity, a German innovator in sparse-native computing, today announced the close of its Series A bringing cumulative funding to €80 million ($90 million) – as well as rebranding away from their former identity; SpiNNcloud.

The round was led by ICM HPQC Fund and joined by investors such as Lockheed Martin Ventures, GlobalFoundries, GS Futures, Cloudberry Ventures, TGFS and…