LightSolver Awarded €12.5M from the European Innovation Council to Advance its All-Optical Supercomputer

TEL AVIV, Israel, Aug. 06, 2024 (GLOBE NEWSWIRE) — LightSolver, inventor of a new laser-based computing paradigm, today announced that it has been selected for the European Innovation Council (EIC) Accelerator Program. The company will receive an initial grant of €2.5 million from the EIC Fund combined with a future equity investment of €10 million, totaling €12.5M. This recognition places LightSolver among 68 companies chosen from a highly competitive pool of 969 applicants.