German company Sparxity completes Series A funding, with cumulative funding of $90 million.

Germany-based AI chip and systems company Sparxity has closed a Series A round, bringing its total funding to $90 million, though the company did not disclose the size of the individual round. The round was led by the ICM HPQC Fund, an investor focused on computing and quantum infrastructure. Sparxity, based in Dresden, develops AI chips and systems, positioning it in Europe's push to build domestic compute hardware capacity. The identity of other participating investors and the specific valuation were not disclosed. What to watch next is how Sparxity deploys the fresh capital into chip development and production, and whether further European deep-tech hardware rounds follow.