HiPEAC

ZeroPoint Technologies raises €3.2 million to reduce datacentre energy use by 25%

ZeroPoint Technologies logo

Memory compression specialists ZeroPoint Technologies have closed a €3.2 million seed funding round from climate tech investor Climentum Capital, Nordic VC Industrifonden, Chalmers Ventures, and the company’s current shareholders. The new investment round is thanks to company’s groundbreaking technology, which can reduce the energy consumption of data centres by more than 25%. The new capital will be used to grow and expand the company’s international presence and take new products to market.

Originally created by HiPEAC members Per Stenström and Angelos Arelakis, ZeroPoint’s technology delivers up to 50% more performance per watt. It combines ultra-fast data compression with real-time data compaction and transparent memory management to remove unnecessary information from the memory – which, in the case of a typical server, can be up to 70% of the memory. This means that data centres can maximize performance and reduce energy consumption.

‘ZeroPoint Technologies’ vision is to enable high-performance servers that are environmentally friendly. Memory bottlenecks are a tremendous challenge for semiconductor developers, and we mitigate this challenge by doubling main memory capacity and memory bandwidth. Systems with ZeroPoint technology are environmentally friendly and financially effective. By putting unused memory to work we can deliver up to 50% more performance per watt. And this is the single most important metric to high-performance servers,’ says ZeroPoint Technologies CEO Klas Moreau.

In this round, Climentum Capital ins existing owners as a new investor, bringing Article 9 expertise and requirements. ZeroPoint’s potential for large-scale climate impact was validated during the investment process.

‘ZeroPoint is a perfect fit for us, as an Article 9 SFDR (Sustainable Finance Disclosure Regulation) climate tech fund focused on sustainable industry. Data centres have a rapidly increasing physical presence in the world with equally fast-growing energy consumption. Addressing this challenge is a key part of developing a sustainable industrial base in Europe and the world,’ says Malin Carlström, general partner at Climentum Capital. ‘The major data centre players have signed up to RE100, a global initiative bringing together businesses committed to 100% renewable electricity, but to get there in a useful timeframe, energy consumption per server will need to go down.’

Industrifonden is the lead investor in ZeroPoint and has since their first entrance as an investor in 2020 contributed with their owner’s ambition to form a strong product roadmap and go-to-market strategy with ZeroPoints world-class technology. Anna Ljungdahl, Investment Director and Head of Sustainable Investment at Industrifonden, commented: ‘We’re happy to continue to support ZeroPoint and help them bring their technology to the world. We’ve been following the team for a few years now and are impressed by the founder’s and management team’s ability to commercialize this disruptive opportunity with an impressive sizable market in need of change.’

For more on ZeroPoint Technologies, see the HiPEAC TV YouTube channel:

Interview with Klas Moreau, 2022

Interview with Per Stenström, 2019

Video thumbnail: HiPEAC – Ultimate memory compression, with Klas Moreau, ZeroPoint Technologies

Metadata

Application areas: Energy infrastructure, Healthcare, Smart city

Topics: Data management, Digital twins, Energy efficiency / Low-power computing, High-performance computing


Summary

ZeroPoint Technologies secures €3.2 million in seed funding to enhance data centre efficiency, aiming for over 25% energy reduction through innovative memory compression technology and increased performance.