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

_Published Tuesday, November 10, 2026 at 10:26 AM EST · AI, Capital · Latest · Tier 2 — Notable_

![Sparxity closes Series A, bringing total funding to $90M — Primary](https://media.thenextweb.com/2026/11/three-men-holding-sparxity-server-unit-black-background.jpg)

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](https://thenextweb.com/news/dresden-sparxity-series-a-90m)

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Canonical: https://techandbusiness.org/newswire/s8Y6WO6mw0c9WjuCDUwjIe
Published: 2026-11-10T15:26:36.887Z
Story chronology: 2026-11-10T13:00:38.000Z
Retrieved: 2026-11-10T17:18:05.610Z
Publisher: Tech & Business (techandbusiness.org)