BRN Discussion Ongoing

[Fullmoonfever]

If correct....bullet dodged

Prophesee company information, funding & investors

Prophesee, the inventor of the world’s most advanced neuromorphic vision systems. Here you'll find information about their funding, investors and team.

app.dealroom.co

Prophesee Files for Insolvency Despite Technological Advancements

• 

Prophesee, the French deeptech company known for its advanced 'neuromorphic' computer vision technology, has filed for insolvency and entered judicial recovery in October 2024. This development comes just months after announcing a partnership with AMD to integrate its technology into their products. Despite raising €126 million in total funding, Prophesee cited unexpected delays in its next fundraising round as the reason for its financial troubles. As of now, there are no reports of an acquisition, leaving the future of this innovative startup uncertain. The company's situation highlights the ongoing challenges faced by tech startups in maintaining financial stability, even amid technological breakthroughs.
Source: Sifted
December, 2024
(D.D)

You always wonder about these outcomes.... if cynical.

Delays with the funding (already committed) cause an insolvency....go in and pick through the Tech, IP & Patents and make an offer to the administrators.

Or be the white knight saviour and swoop in with just enough $ to takeover the important bits.

Then move on with the gathered pieces with a product to mkt once the dust settles.

 

[TECH]

Good afternoon,

Plenty of things being posted already from CES 2025......Tom's Hardware is worth checking out.

On another matter, yesterday I have asked the question regarding AKIDA II and the tape out comments, if I don't
get a reply it's already been conceded that I'll respect a no response as can't comment any further, and that will be
totally understandable.

A little pullback again today, despite what some may or may not have thought when I mentioned 0.25 to 0.30 the other day,
you honesty can't expect a share price to pump up around 88% (0.24 to 0.45) even though we got two solid announcements
in that period, hopefully we find a new bottom around the 0.33 mark...but my crystal ball is just as unclear as the next shareholders
is, despite polishing it everyday

Tech.

 

[Pom down under]

Good afternoon,

Plenty of things being posted already from CES 2025......Tom's Hardware is worth checking out.

On another matter, yesterday I have asked the question regarding AKIDA II and the tape out comments, if I don't
get a reply it's already been conceded that I'll respect a no response as can't comment any further, and that will be
totally understandable.

A little pullback again today, despite what some may or may not have thought when I mentioned 0.25 to 0.30 the other day,
you honesty can't expect a share price to pump up around 88% (0.24 to 0.45) even though we got two solid announcements
in that period, hopefully we find a new bottom around the 0.33 mark...but my crystal ball is just as unclear as the next shareholders
is, despite polishing it everyday

Tech

I don’t do charts or anything, but I did say the other day we could be forming a nice cup and handle and currently it’s heading in the right direction.

 

[HopalongPetrovski]

I don’t do charts or anything, but I did say the other day we could be forming a nice cup and handle and currently it’s heading in the right direction.

 

[DingoBorat]

If correct....bullet dodged

Prophesee company information, funding & investors

Prophesee, the inventor of the world’s most advanced neuromorphic vision systems. Here you'll find information about their funding, investors and team.

app.dealroom.co

Prophesee Files for Insolvency Despite Technological Advancements

• 

Prophesee, the French deeptech company known for its advanced 'neuromorphic' computer vision technology, has filed for insolvency and entered judicial recovery in October 2024. This development comes just months after announcing a partnership with AMD to integrate its technology into their products. Despite raising €126 million in total funding, Prophesee cited unexpected delays in its next fundraising round as the reason for its financial troubles. As of now, there are no reports of an acquisition, leaving the future of this innovative startup uncertain. The company's situation highlights the ongoing challenges faced by tech startups in maintaining financial stability, even amid technological breakthroughs.
Source: Sifted
December, 2024
(D.D)

So what was that Nvidia "saying" again?..



"Or be the white knight saviour and swoop in with just enough $ to takeover the important bits."

I've seen that before with mining companies too.
One particular one I recall, had multiple millions of predefined resources in the ground, snapped up for 300k in the end..

 

[Fullmoonfever]

So what was that Nvidia "saying" again?..

Not sure?

 

[DingoBorat]

Not sure?

For years, Jensen Huang, opened all meetings with that same line..
“Our company is thirty days from going out of business.”

Come on man, didn't you have your Cornflakes this morning ..

 

[TheDrooben]

You always wonder about these outcomes.... if cynical.

Delays with the funding (already committed) cause an insolvency....go in and pick through the Tech, IP & Patents and make an offer to the administrators.

Or be the white knight saviour and swoop in with just enough $ to takeover the important bits.

Then move on with the gathered pieces with a product to mkt once the dust settles.

So AMD and Qualcomm may be looking for a new partner for event-based imaging.........

 

[manny100]

In my humble opinion, the pullback is caused by short term traders profit taking. Shorters are also very relentless to drive the SP down prior to the commencement of CES 2025 - with a goal of scaring off some short term and T+2 holders so that they can cover their short positions at a better exit price. Typical tree shaking!

In my opinion, I believe there are more upsides then downsides based on the following:
* strong validations from the US Air Force & Frontgrade in December 2024
* assurance from the CEO Sean's interview (Nov 2024) & investor podcast (31 Dec 2024) that 2025 will be a good year for Brainchip and Sean expects more announcements are on the way
* macro economics - interest rates has started falling in the US since Sept 2024 and the prolonged Russia/Ukraine global conflict will soon be resolving once Trump regains power...
Also, the world is starting to notice neuromorphic edge AI, and Brainchip is strategically placed at the centre stage!
The worst should be behind us. We have reached the inflection point! Its only a matter of time when this skyrockets...

I have added some more today taking advantage of the pullback

I look forward to CES 2025 which will start in 2 business days!!!

All in my opinion! DYOR!
Good luck to all long term investors!!!

Other addittional positives are:
Confirmation that we still have a commercial relationship with our Marquee clients - see 'Why Invest' on the website.
Sean and Tony V accumulating shares at a rapid rate and taking a large portion of their pay as equity. Gives confidence.
Insider holdings at 15 5% to 16.6% also gives confidence. Shows belief and provides a takeover block.
The fact that marquee clients have not yet entered into deals verifies BRN that they even underestimated time frames for deals - this year 2025 should be the year.
If we can get marquee client NASA into a deal soon - cannot underestimate the importance.

 

[Diogenese]

So AMD and Qualcomm may be looking for a new partner for event-based imaging.........

... or Qualcomm buys the remains.

 

[Fullmoonfever]

For years, Jensen Huang, opened all meetings with that same line..
“Our company is thirty days from going out of business.”

Come on man, didn't you have your Cornflakes this morning ..

Nope....Christmas break brain fog

I thought it might be.....

Not Very Intelligent Data Intensive Applications

 

[TheDrooben]

... or Qualcomm buys the remains.

Well we will have to take AMD then.....

 

[Fullmoonfever]

I thought ok, this is good that a Principal Architect at Broadcom has us in his list (so aware of us) but then I see the bit I highlighted.

Errr....either none of us understand this or he doesn't believe it's digital

The Full Scope of FPGA, ASIC, and Hybrid Solutions in AI​

Subramaniyam Pooni

Subramaniyam Pooni​

Principal Architect, Leadership @VCF/Broadcom…​

Published Jan 2, 2025
+ Follow

57. Biologically-Inspired AI Chips​

Description: Hardware designed based on the structure and functionality of biological neural networks, for highly efficient computation.
Example: BrainChip Akida, IBM’s TrueNorth.

102. Bio-Inspired Analog AI Processors​

Description: Processors inspired by biological neurons but based on analog circuitry for fast, low-energy computations.
Example: BrainChip Akida for neuromorphic AI.

 

[Terroni2105]

If correct....bullet dodged

Prophesee company information, funding & investors

Prophesee, the inventor of the world’s most advanced neuromorphic vision systems. Here you'll find information about their funding, investors and team.

app.dealroom.co

Prophesee Files for Insolvency Despite Technological Advancements

• 

Prophesee, the French deeptech company known for its advanced 'neuromorphic' computer vision technology, has filed for insolvency and entered judicial recovery in October 2024. This development comes just months after announcing a partnership with AMD to integrate its technology into their products. Despite raising €126 million in total funding, Prophesee cited unexpected delays in its next fundraising round as the reason for its financial troubles. As of now, there are no reports of an acquisition, leaving the future of this innovative startup uncertain. The company's situation highlights the ongoing challenges faced by tech startups in maintaining financial stability, even amid technological breakthroughs.
Source: Sifted
December, 2024
(D.D)

I am a so shocked if that is true. I can’t find anything on it except a doggy website article https://sifted.eu/articles/startups-went-bust-2024

and they still seem to be full steam ahead on their posts on Linkedin

Hopefully they are ok

 

[Pom down under]

I am a so shocked if that is true. I can’t find anything on it except a doggy website article https://sifted.eu/articles/startups-went-bust-2024

and they still seem to be full steam ahead on their posts on Linkedin

Hopefully they are ok

Fake news I recon as well.

 

[Diogenese]

If correct....bullet dodged

Prophesee company information, funding & investors

Prophesee, the inventor of the world’s most advanced neuromorphic vision systems. Here you'll find information about their funding, investors and team.

app.dealroom.co

Prophesee Files for Insolvency Despite Technological Advancements

• 

Prophesee, the French deeptech company known for its advanced 'neuromorphic' computer vision technology, has filed for insolvency and entered judicial recovery in October 2024. This development comes just months after announcing a partnership with AMD to integrate its technology into their products. Despite raising €126 million in total funding, Prophesee cited unexpected delays in its next fundraising round as the reason for its financial troubles. As of now, there are no reports of an acquisition, leaving the future of this innovative startup uncertain. The company's situation highlights the ongoing challenges faced by tech startups in maintaining financial stability, even amid technological breakthroughs.
Source: Sifted
December, 2024
(D.D)

Prophesee's last fundraising was in June:

https://www.fusacq.com/buzz/la-deeptech-prophesee-annonce-un-investissement-de-15m-a248160_fr_

Deeptech PROPHESEE announces an investment of €15M​

Thursday, July 11, 2024 at 11:00 a.m.
Prophesee, the world leader in neuromorphic vision, announces an investment of 15 million euros to develop the next generation of neuromorphic AI dedicated to mobile phones. This project, financed by the state via the France 2030 V investment plan as part of the "Embedded AI" Call for Projects operated on behalf of the state by bpifrance, will result in the manufacture of "Made in France" sensors. Thanks to this strategic support, Prophesee is strengthening its global technological leadership in neuromorphic vision.
...

Luca Verre, CEO of Prophesee comments: "This new funding under France 2030 confirms Prophesee's technological leadership. With our leading partners, we aim to bring out the new generation of embedded neuromorphic AI for the mobile phone market, where our technology is ensuring a technological leap."

Paul-Francois Fournier, Executive Director in charge of Innovation at Bpifrance, says: "Prophesee is one of the technological gems that identified the potential of embedded AI very early on. With this project funded under the France 2030 national AI strategy, Prophesee is accelerating its mastery of event-based technology as close as possible to image sensors. Their innovative approach and their ability to transform the way we interact with our mobile devices demonstrate France's ambition to remain at the forefront of global technology."

Prophesee were focusing on mobile phones:

"With our leading partners, we aim to bring out the new generation of embedded neuromorphic AI for the mobile phone market"

Prophesee had worked with Synsense and Sony on a 3D DVS sensor array.

Synsense then acquired Inivation, Prophesee's sworn enemy. At one stage, Inivation were muttering darkly about a patent infringement suit against Prophesee. So basically all the Prophesee development work with Synsense went up the chimney. Before anyone takes over Prophesee, they will need to do DD on the patent infringement situation.

 

[Fullmoonfever]

I am a so shocked if that is true. I can’t find anything on it except a doggy website article https://sifted.eu/articles/startups-went-bust-2024

and they still seem to be full steam ahead on their posts on Linkedin

Hopefully they are ok

You'll also find a public note from 3 days ago on Dealroom. Towards the bottom on the page.

Prophesee company information, funding & investors

Prophesee, the inventor of the world’s most advanced neuromorphic vision systems. Here you'll find information about their funding, investors and team.

app.dealroom.co

 

[Fullmoonfever]

You'll also find a public note from 3 days ago on Dealroom. Towards the bottom on the page.

Prophesee company information, funding & investors

Prophesee, the inventor of the world’s most advanced neuromorphic vision systems. Here you'll find information about their funding, investors and team.

app.dealroom.co

Pitchbook list them as below.

https://pitchbook.com/profiles/company/118308-43#overview

 

[Fullmoonfever]

Pitchbook list them as below.

https://pitchbook.com/profiles/company/118308-43#overview

View attachment 75336

From a journo in France on his LinkedIn.

Maybe hope for them in restructuring?

French Tech Wire: Powering Sustainable Innovation For EVs, V2G, and ESG

A recap of the big news + funding in the French tech ecosystem this week. Subscribe to The French Tech Journal to access all the articles and archives.

www.linkedin.com

Also trying to avoid the gallows is cutting-edge sensor developer PROPHESEE which filed for bankruptcy in October to restructure its finances. In an interview with Les Echos, CEO Luca Verre cited a tough funding environment but remained optimistic, with a funding round expected to close by year-end. Prophesee’s groundbreaking vision sensors, inspired by the human eye, have attracted investments from Xiaomi, Intel Capital, and even In-Q-Tel (the CIA’s venture fund). With new products targeting virtual reality and defense markets, Prophesee hopes to scale production for broader commercial success in 2025. Prophesee has raised over €100 million in funding since its 2014 inception, including a €50 million round in September 2022, making it one of the best-financed fabless semiconductor startups in the EU. Key milestones include partnerships with Sony (2021) for high-speed vision sensors and agreements with Qualcomm and AMD (2023) to integrate its cutting-edge sensors into smartphones and simplify AI-driven vision applications. Last summer, the company received €15 million from the French government's France 2030 initiative, to develop next-gen neuromorphic AI sensors for mobile phones, aiming to revolutionize image quality, energy efficiency, and data privacy.


CB Insights also list the same.

https://www.cbinsights.com/company/chronocam

 

[CHIPS]

I thought ok, this is good that a Principal Architect at Broadcom has us in his list (so aware of us) but then I see the bit I highlighted.

Errr....either none of us understand this or he doesn't believe it's digital

The Full Scope of FPGA, ASIC, and Hybrid Solutions in AI​

Subramaniyam Pooni

Subramaniyam Pooni​

Principal Architect, Leadership @VCF/Broadcom…​

Published Jan 2, 2025
+ Follow

57. Biologically-Inspired AI Chips​

Description: Hardware designed based on the structure and functionality of biological neural networks, for highly efficient computation.
Example: BrainChip Akida, IBM’s TrueNorth.

102. Bio-Inspired Analog AI Processors​

Description: Processors inspired by biological neurons but based on analog circuitry for fast, low-energy computations.
Example: BrainChip Akida for neuromorphic AI.

LINK PLEASE!