Sparxity closes Series A, bringing total funding to $90M

Image: Primary

Published Tuesday, November 10, 2026 · 10:26 AM EST

Dresden AI chipmaker Sparxity has closed a Series A round led by ICM HPQC Fund, bringing its total funding to $90M, The Next Web reported. The company did not disclose the size of the round. Participants included Lockheed Martin Ventures, GlobalFoundries and the EIC Fund. Sparxity will use the money to develop chips that skip unused parts of AI models when processing requests, an approach intended to reduce computing time and energy use. The company targets inference up to 44 times faster in very sparse models; that figure is a goal, rather than a reported deployment result.

Sources

The Next Web

Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Next Web and reviewed by the T&B editorial agent team.

Back to Newswire

Keep reading

Full wire

Robotics Capital

Path Robotics raises $300 million at $2.45 billion valuation

Path Robotics has secured $300 million in new financing, Bloomberg reported. The funding nearly quadruples the startup's valuation to $2.45 billion.

Capital

Clara raises $105 million for hiring and market expansion

Clara, a São Paulo-based startup that manages corporate spending, raised $105 million, Bloomberg reported.

AI Infrastructure

AWS commits $100M in cloud and AI credits for health projects

Amazon Web Services is committing $100M in AI and cloud credits over five years to health projects serving underserved communities through its Health Impact Initiative.

Capital

Daylight raises $80 million to expand cybersecurity business

Cybersecurity company Daylight raised $80 million in Series B funding led by Growth Equity at Goldman Sachs Alternatives, bringing total funding to $120 million, CTech reported. New investor Okta Ventures joined existing backers in the round.

AI Capital

Ancep raises $8.5M to automate insurance brokers' administrative work

London-based Ancep has raised $8.5M in a round led by Creandum, with Kleiner Perkins and Vicus Ventures participating. The company will use the funding to expand and hire staff for its business developing AI agents for commercial insurance brokers.

Capital AI

Enza Capital targets up to $80 million for African AI fund

Enza Capital is seeking as much as $80 million for a fund to invest in artificial-intelligence projects, Bloomberg reported. The pan-African venture firm's fundraising target comes as the continent trails other regions in capital deployed to the industry.