Top Parallel Processor startups
There are 28 Parallel Processor startups which include Cornami, UPMEM, Skychips, Adapteva, Recore Systems. Out of these, 23 startups are funded, with 10 having secured Series A+ funding. United States has the most number of companies in Parallel Processor (10), followed by China
(4), and then Germany (3).
2026 has seen the creation of 1 Parallel Processor startup. Notably, several of these startups have been founded by alumni of Tsinghua University, Duke University and INSEAD.
Here is the list of top Parallel Processor Startups
1. Cornami
Provider of AI-powered microprocessors for parallel computing applications. Its multi-core technology uses heterogeneous cores in highly concurrent and parallel manners. It accelerates the performance using its TruStream computing as a fabric on its ultra-high core density, ultra-high memory bandwidth data centre chip and reduces latency and power slashing operational costs. It finds applications in fields like big data, machine learning, and finance applications.
Key facts about Cornami
- Founded Year: 2012
- Location: Santa Clara (United States)
- Stage: Series D
- Total Funding till date: $212M
- Investors: SoftBank Vision Fund, Applied Materials and 10 Others
- Latest Funding Round: Series D, Jul 24, 2025, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 51 of 420 Competitors
2. UPMEM
Upmem is a processing-in-memory solution to boost the data-intensive applications in the data center. The DPUs (Data processing units) are integrated into the DRAM chips for faster access and larger bandwidth to form a network of co-processors in a scalable parallel environment. It plans to have 2048 cores with 128GByte of RAM per socket. It is packaged on DIMM modules to allow integration with standard servers and comes with an end-to-end SDK for development. The solution is scalable and OS agnostic. The company claims that the solutions could find applications in real-time analytics, pattern matching, database serving and implementation of artificial neural networks. It has partnerships with CEA-Leti, Dolphin Integration, TU Kaiserslautern and Inria.
Key facts about UPMEM
- Founded Year: 2015
- Location: Grenoble (France)
- Stage: Series B
- Total Funding till date: $7.98M
- Investors: EIC Fund, C4 Ventures and 7 Others
- Latest Funding Round: Series B, Sep 12, 2023, $*****
- Tracxn Score: 45/100 What is this?
- Competitors Rank: 85 of 377 Competitors
3. Skychips
Provider of AI-based chips for applications. It offers a data processing solution by implementing a serial data processing method known as a parallel data processing method or CNN. It provides a module manufacturing solution for various RF standards such as BLE, Wifi, and 5G, for realizing data processing.
Key facts about Skychips
- Founded Year: 2019
- Location: Suwon-si (South Korea)
- Stage: Series A
- Total Funding till date: $1.67M
- Investors: C&Venture Partners, SoluM and 6 Others
- Latest Funding Round: Series A, Dec 12, 2022, $*****
- Tracxn Score: 39/100 What is this?
- Competitors Rank: 111 of 336 Competitors
4. Adapteva
Adapteva is a Massachusetts based fabless semiconductor company developing multicore processor chips for parallel computing. It has adopted an open-source approach for heterogeneous development of parallel programming. It offers Epiphany which is an energy efficient solution for developing chips. Company's Parallela supercomputer is aimed at making parallel computing more accessible.
Key facts about Adapteva
- Founded Year: 2008
- Location: Lexington (United States)
- Stage: Series B
- Total Funding till date: $4.58M
- Investors: Ericsson and Viola Group
- Latest Funding Round: Series B, Dec 31, 2013, $*****
- Tracxn Score: 36/100 What is this?
- Competitors Rank: 4 of 28 Competitors
Recore Systems is a fabless semiconductor company that develops the embedded platform with parallel processor core subsystems for instant data analysis. They have built products for two applications: real-time streaming data analysis (through Flexaware) and data processing in space. The firm has developed a radiation resistant processor IP in association with European Space Agency for crunching on-board data in space. Streaming data analytics is achieved by Flexaware system, a combination of hardware made up of embedded platform of numerous parallel processor cores, and software - interface to control the hardware.
Key facts about Recore Systems
- Founded Year: 2005
- Location: Enschede (Netherlands)
- Stage: Deadpooled
- Total Funding till date: $5M
- Investors: Innovation Industries, Oost NL and 3 Others
- Latest Funding Round: Grant (prize money), Jan 01, 2016, $*****
- Tracxn Score: 35/100 What is this?
- Competitors Rank: 16 of 79 Competitors