CyberSwarm Inc.

Computing inside the memory itself, on a single material platform.

Role in the group: Deeptech · group holding of approximately 21%
Stage: Research and development · Series A round in preparation
Location: Delaware, USA · research and development in Bucharest
Sub-fund: Falanga Invest Podfond Technology (FBL)

~21%
Group holding in the company: 30+patents
Application portfolio: 45€m
Carrying value in the group's books: 5–7years
Estimated technology lead

The constraint

Chips have stopped being the bottleneck. Energy per operation has not.

What limits a large model today is not so much processor speed as the energy needed to move data between memory and processor — and how much of the resulting heat the building can carry away. Most of the power goes into that movement.

The usual answer

Faster interconnects, larger caches, more aggressive cooling. Each buys time; none removes the round trip between memory and processor.

In-memory computing

A memristor crossbar array performs the multiply-and-accumulate operation inside the array itself. The data never travels, so the energy needed to move it is never spent.

What CyberSwarm adds

A single-material IGZO platform on which the memory, the neural layer, security and sensing are all built — instead of four processes stitched together.

The commercial consequence is direct: a data centre valued by the megawatt prices lower energy intensity per operation immediately.

Technology

One material, four layers

Indium gallium zinc oxide is ordinarily a display material. CyberSwarm uses it as the basis of the entire stack, so the memory element, the network that computes on it, the hardware root of trust and the sensing input all share a single fabrication process.

Sensing layer

signal acquisition

Security layer

hardware root of trust

Neural network layer

in-memory computing

IGZO memristor

memory and synapse

The working crossbar array milestone has been reached — the whole array works, not just an individual cell.
A single-material stack removes the integration risk that normally sits between layers made by different processes.
Security is designed in at hardware level rather than added on top of it.
Research and development takes place in the company's own premises in Bucharest with a dedicated technical team.
The portfolio exceeds thirty patents and the technology lead over comparable projects is estimated at five to seven years.

Validation

What someone else has already validated

Claims in deeptech are cheap. These are the points where a third party has put its own money, its own product or its own reputation behind the technology.

Silicon: A working crossbar element has been demonstrated — the step at which most memristor programmes stall.
People: Senior hires from the semiconductor industry, including a former Intel vice-president.
Automotive: Documented supply into the brain-to-vehicle programme of a Japanese carmaker, covering the neuromorphic and the algorithmic component.
Infrastructure: Selected as the computing architecture for the NextGenDC campus under supply, know-how and licensing arrangements.
Licensing: An exclusive multi-sport licence granted to Neuromesh, which establishes the platform's licensing model beyond the company's own products.

And what has not been validated

No product is in series production and no licence agreement with a manufacturer has been signed.
The patent portfolio is at application stage; grant, scope and freedom to operate all remain open.
The five to seven year lead is the company's own estimate and is being verified in due diligence.
Neither the campus nor the sensing stack has been built, so no figure in this book derives from an operating history.

The automotive engagement is documented and is disclosed to counterparties in the data room under a confidentiality agreement. Public materials do not name the customer.

Structure and context

How the participation is arranged

Company: CyberSwarm Inc., incorporated in Delaware, with a Romanian subsidiary
Research and development: Own premises in Bucharest with a dedicated technical team
Group holding: Approximately 21% of the company, acquired as preferred shares in the first round
Carrying value: €45 million in the group's books
Regulatory: Romanian foreign direct investment notification to CEISD under G.E.O. 46/2022, handled by D&B David și Baias

The Series A round

A Series A round is in preparation with a complete investor pack: an investment study, a presentation and term sheets. The size of the round, the instrument and the pre-money valuation are disclosed together with the data room, not in this document.

Process

1
Initial meeting and signing of an NDA
2
Data room
investment study, patent overview, contracts
3
Terms of the round
size, instrument and valuation
4
Subscription
and regulatory approvals

Overview

Key details

Company: CyberSwarm Inc., incorporated in Delaware, with a Romanian subsidiary
Research and development: Own premises in Bucharest with a dedicated technical team
Group holding: Approximately 21% of the company, acquired as preferred shares in the first round
Carrying value: €45 million in the group's books
Regulatory: Romanian foreign direct investment notification to CEISD under G.E.O. 46/2022, handled by D&B David și Baias
Stage: Research and development; a Series A round is in preparation

The company is at the research and development stage; the revenue and product timeline depends on milestones that have not yet been reached. Patent counts and the estimated technology lead are the company's own figures and are being verified in due diligence.

The detail sits in the data room

Investment studies, contractual documentation and the data room are made available to qualified investors after an initial meeting and the signing of an NDA.

Request a consultation