One million Swiss francs for edge computing software Klepsydra

Inspired by algorithmic trading techniques, Klepsydra develops high-performance software for edge data processing applications in real-time. Its unprecedented results can be applied to all kinds of small computers found in thousands of devices used daily in sectors such as space, aerospace, automobiles, robotics, IoT, smart agriculture, medicine etc.

The founders of Klepsydra, Pablo Ghiglino and Isabel del Castillo are convinced that their unique software is essential to carry out successful automation projects and contribute to energy savings as well as CO2 reduction. Compared to standard edge computing solutions in the market, Kepsydra offers up to 8 times faster, 50-60% less power consumption in the processors and no data losses. Klepsydra can be installed easily into many existing devices.

The newly obtained funds from Spicehaus Partners, Serpentine Ventures and private investors will be used to further advance product development and the certification of Klepsydra software for critical mission applications, which will open the doors to a larger market. Studies predict that 75% of enterprise-generated data will be "created and processed outside a traditional centralized data centre or cloud" by 2025, and AI will contribute $15.7 trillion by 2030.

Pablo Ghiglino states: “All these applications need real-time response and latency makes the “AI on the cloud” approach unworkable. Waiting for multiple seconds before being able to react to the stimuli could otherwise lead to catastrophic consequences. Solutions like Klepsydra are critical: better software is the most cost-efficient optimization and will make the difference between successful and failed projects”, Isabel del Castillo, COO and Co-founder of Klepsydra

Founded in 2018, Klepsydra has received the support of programmes such as ESA BIC, Venture Kick and Innosuisse.

(Press release)