Dutch neuromorphic computing startup Innatera Nanosystems has completed a seed funding round, raising €5 million (around $6 million).

Innatera, a spin-out from the Delft University of Technology, is developing an analog chip designed to run spiking neural networks, a type of neural network often used in neuromorphic computing that is inspired by the way the brain works. Like other neuromorphic computing approaches, the benefits are dramatic improvements in power consumption and latency – Innatera claims its chip will allow sensor data to be processed 100x faster and with 500x less energy than using conventional digital processing.

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