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Spero Devices logo — Spero Devices is developing an in-memory edge processor plat...

Spero Devices

Spero Devices is developing an in-memory edge processor platform to reduce 5G bandwidth and enable cloud intelligence.

Founded 2015 United States Acton, United States 2-10 employees Debt Financing Total: $1.61M AI, Analytics

General Information

Company Name Spero Devices
Founded Year 2015
Location United States Acton, United States
Employees 2-10
Industries AI, Analytics
Funding Stage Debt Financing
Social

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About Spero Devices

Spero Devices is a startup focusing on developing an in-memory edge processor platform to address the challenges posed by the explosive increase in data generated by edge devices in the coming decade. The company's slogan - "Spero Devices is developing an in-memory edge processor platform to reduce 5G bandwidth and enable cloud intelligence" encapsulates its core mission. The pressing need for edge devices to determine and send only relevant data to the cloud for service due to the critically limited 5G network bandwidth is a critical issue that Spero Devices aims to tackle. The company is working on constructing efficient data representations with the goal to reduce network traffic by 100x and data storage by 10x. Spero Devices is developing an AI in-memory-computation processor aimed at achieving 10x greater computational efficiency than the state-of-the-art, thereby enabling low latency at mobile power budget. Additionally, the company is also focusing on developing a software platform to seamlessly transform edge data into cloud intelligence, which could potentially enable revolutionary new services such as automated selection of AI training data from edge devices. Founded in 2015 and headquartered in the United States, Spero Devices secured a $1.11M debt financing investment on 30 December 2019. The details of the specific investors are not disclosed in the provided information.

Taxonomy: edge computing, in-memory processing, 5G bandwidth reduction, cloud intelligence, AI processor, data representation, network traffic optimization, low latency computing, mobile power efficiency, software platform, edge data transformation, AI training data, connected devices, smart cities, automated data selection

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Debt Financing $1.11M -
30 Dec 2019
Grant $200.00K 1
MassVentures
MassVentures
27 Jun 2018
Grant $300.00K 1
MassVentures
MassVentures
01 Jan 2017

Spero Devices Alternatives & Competitors

Spero Devices vs
Neuron Soundware
Neuron Soundware Czech Republic

Protecting machines, ensuring better business.

Grant
18 employees
AI, Analytics

FAQ About Spero Devices

Spero Devices is developing an in-memory edge processor platform to reduce 5G bandwidth and enable cloud intelligence.
Spero Devices was founded in 2015.
Spero Devices is headquartered in Acton, United States.
Spero Devices operates in AI and Analytics. Its work centres on edge computing, in-memory processing, 5G bandwidth reduction and cloud intelligence.
Spero Devices has approximately 2-10 employees.
Spero Devices has completed 3 funding rounds, raising a total of $1.61M. The latest funding stage is Debt Financing.
Top alternatives and competitors to Spero Devices include Neuron Soundware. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Spero Devices and Neuron Soundware are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Spero Devices, https://bouncewatch.com/company/spero-devices, updated 28 September 2024. When citing, please name BounceWatch and link this page.

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