DeepVision Raises $35M to Expand Edge AI Processors
September 15, 2021
Deep Vision, which develops AI processors and software for edge computing applications, has announced it raised $35 million in Series B funding, led by Tiger Global. When combined with existing revenue streams, the funding will help Deep Vision expand the capabilities of its AI processor and software tools to support its growing customer base, the company said.
The company’s patented AI processor, ARA-1, combines performance, power, and price for camera-based applications such as smart retail, driver-monitoring systems, smart city, drones, and factory automation. Although it is best known for its ability to perform real-time video analytics, the company’s processor also provides natural language processing (NLP) capabilities for a growing market of voice-controlled applications. The company said it complements its processing technology with a set of development tools that let customers easily convert their neural network models into highly optimized computation graphs ready to be deployed on the ARA-1 chip.
“This investment is a resounding affirmation of Deep Vision’s tactical accomplishments and strategic direction, which are rapidly driving our company into a wide variety of applications in our key target markets,” said Ravi Annavajjhala, CEO of Deep Vision. “We will now be able to significantly fortify our efforts to continue designing and building the world’s most power- and price-efficient AI inference platform, as well as flawless software development tools.”
“To improve latency and reliability for voice and other cloud services, edge products such as drones, security cameras, robots, and smart retail applications are implementing complex and robust neural networks,” said Linley Gwennap, principal analyst of The Linley Group. “We expect 1.9 billion edge devices to ship with deep learning accelerators in 2025. WIthin these edge AI applications, we see an increasing demand for more performance, greater accuracy, and higher resolution. This fast-growing market provides a large opportunity for Deep Vision’s AI accelerator, which offers impressive performance and low power.”
For more details on the Deep Vision AI processor offerings, visit its website here.