Fullmoonfever
Top 20
Not sure?
BRN Discussion Ongoing
- Thread starter TechGirl
- Start date
DingoBorat
Slim
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
Pretty Pretty Pretty Pretty Good
So AMD and Qualcomm may be looking for a new partner for event-based imaging.........
Other addittional positives are: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!!!
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.
... or Qualcomm buys the remains.So AMD and Qualcomm may be looking for a new partner for event-based imaging.........
Fullmoonfever
Top 20
Nope....Christmas break brain fogFor 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
I thought it might be.....
Not Very Intelligent Data Intensive Applications
TheDrooben
Pretty Pretty Pretty Pretty Good
Fullmoonfever
Top 20
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
Subramaniyam Pooni
+ Follow
Example: BrainChip Akida, IBM’s TrueNorth.
Example: BrainChip Akida for neuromorphic AI.
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
Founding Member
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-2024If 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)
and they still seem to be full steam ahead on their posts on Linkedin
Hopefully they are ok
Pom down under
Top 20
Fake news I recon as well.
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.
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
Top 20
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.
Fullmoonfever
Top 20
Pitchbook list them as below.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.
Fullmoonfever
Top 20
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.
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.
CHIPS
Regular
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!
Fullmoonfever
Top 20
Everyone's friend...
www.google.com
Actually....
The Full Scope of FPGA, ASIC, and Hybrid Solutions in AI
The landscape of AI hardware is incredibly dynamic, with multiple technologies vying for dominance across various sectors. FPGAs, ASICs, and the hybrid "in-between" solutions are fundamental to this evolution, each playing critical roles depending on the specific requirements of AI applications.
Terroni2105
Founding Member
Thanks FMF , unfortunately looks like there might be some truth to itFrom 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.
Frangipani
Top 20
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.
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)
Here’s the relevant document published in BODACC, the French government’s Official Civil and Commercial Advertising Newsletter:
Since the translation of legal terms is a tricky thing given countries have different legal systems, it would be helpful if someone with knowledge about the French legal system could comment on the exact nature of this “procédure de redressement judiciaire”, which as far as I understand appears to be an attempt at restructuring a company in dire financial difficulties that has suspended payments.
Translation by DeepL:
Date: 15 October 2024.
Judgment opening receivership proceedings.
800 681 892 RCS Paris.
PROPHESEE.
Form: Société anonyme.
Business: Research and development of neuromorphic sensors and the methodology and processes for using them. Address: 74, rue du Faubourg Saint-Antoine, 75012 Paris.
Supplementary judgment: Judgment pronouncing the opening of receivership proceedings, date of cessation of payments 17 September 2024, appointing: administrator Selarl Aj Up in the person of Me Paul-Henri Audras 5 avenue de Messine 75008 Paris, with the following mission: to assist, judicial representative Selarl Athena in the person of Me Camille Steiner 16 rue Friant 75014 Paris. Claims must be submitted to the court-appointed agent or via the electronic portal provided for in articles L. 814-2 and L. 814-13 of the French Commercial Code within two months of publication in the Bodacc.
Redressement judiciaire d'une société
La procédure de redressement judiciaire est une procédure collective qui permet la poursuite de l'activité d'une société qui se trouve en état de cessation des paiements. Cette procédure permet notamment de geler les dettes et d'obtenir des remises de dettes et des délais de paiement lors de...
entreprendre.service-public.fr
Redressement judiciaire d'une société
Vérifié le 01 janvier 2025 - Direction de l'information légale et administrative (Premier ministre)La procédure de redressement judiciaire est une procédure collective Procédure destinée aux entreprises qui ont des difficultés financières. Il existe plusieurs procédures selon la situation de l'entreprise et la gravité des difficultés rencontrées : sauvegarde, redressement judiciaire ou liquidation judiciaire. Les créanciers sont collectivement représentés par un mandataire judiciaire ou un liquidateur judiciaire.qui permet la poursuite de l'activité d'une société qui se trouve en état de cessation des paiementsSituation où la trésorerie dont l'entreprise dispose n'est plus suffisante pour régler ses dettes. Dans ce cas, l'entreprise doit effectuer une déclaration de cessation des paiements, appelée dépôt de bilan, auprès du tribunal de commerce ou du tribunal judiciaire.. Cette procédure permet notamment de geler les dettes et d'obtenir des remises de dettes et des délais de paiement lors de l'adoption du plan de redressement.
Translation by DeepL:
Company in receivership
Verified on 01 January 2025 - Direction de l'information légale et administrative (Prime Minister)
The receivership procedure is a collective procedure for companies in financial difficulty. There are several procedures depending on the company's situation and the seriousness of the difficulties encountered: safeguard, receivership or compulsory liquidation. Creditors are collectively represented by a court-appointed trustee or a court-appointed liquidator.which allows a company to continue trading if it is in a state of suspension of paymentsA situation in which the company no longer has sufficient cash to pay its debts. In this case, the company must file a declaration of suspension of payments, known as filing for bankruptcy, with the Commercial Court or the Court of First Instance. This procedure makes it possible to freeze debts and obtain debt write-offs and payment deadlines when the recovery plan is adopted.
Last edited:
Terroni2105
Founding Member
I guess we won’t be seeing any revenue from Prophesee buying an IP licence 
Leaving aside any potential patent litigation, there is a lot of residual value in Prophesee in its patents and other IP.
I don't know how French bankruptcy works, but the receiver or whoever will need to engage patent attorneys to maintain the patent portfolio and progress the patent applictions.
If they have a firesale of assets, BRN may be interested, as I said previously, subject to DD.
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