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.