BoolSi is developing technology that enables certain parts of software programs to run significantly faster. In one test, a task involving the search for email addresses within text was completed up to 63 times faster than on a conventional ARM processor. The company states that the performance boost can range from two to 100 times, depending on the type of application.

The company was founded by Mihailo Isakov, and its team operates between Novi Sad and Boston. An important part of its research and development activities takes place at the Novi Sad Science and Technology Park, while the team in the United States is primarily focused on market development, sales, and cooperation with clients.

The company’s goal is to reduce tasks that previously required months of work by specialized hardware engineers to just a few minutes.

The first applications of the technology are expected in robotics and systems that require extremely fast responses, including motor control, sensor data processing, and the operation of autonomous machines. Potential applications also exist in drones, medical devices, virtual reality, databases, and scientific systems.

The investment round was led by Fine Structure Ventures, a fund of F-Prime, with participation from Pillar VC, Fifth Quarter Ventures, and Coalition Ventures. The new investment will be directed toward further product development, market expansion, hiring new experts, cooperation with chip manufacturers, and reaching the first commercial users.

The Novi Sad Science and Technology Park supports the development of startups, technology companies, and research teams by connecting science, industry, and entrepreneurship.

Source: STP Novi Sad