Edge AI processor developer raises $35 million

September 16, 2021 // By Peter Clarke
Edge AI processor developer raises $35 million
Edge AI processor developer Deep Vision Inc. (Los Gatos, Calif.) has raised $35 million in a series B round of financing led by Tiger Global Management LLC.

The company said the money will be used to expand video analytics and natural language processing capabilities at the edge.

Tiger Global was joined in the funding round by Series A investors Exfinity Venture Partners, SiliconMotion, and Western Digital.

Deep Vision is developing an AI processor named ARA-1 intended for camera-based applications such as smart retail, driver monitoring, drones and factory automation. In addition to real-time video analytics the processor can perform natural language processing (NLP) tasks in voice-controlled applications. Deep Vision complements its hardware with development tools that allow customers to convert neural network models into computation graphs suitable for deployment on the ARA-1 chip.

"We expect 1.9 billion edge devices to ship with deep learning accelerators in 2025," said Linley Gwennap, principal analyst of The Linley Group, in a statement issued by Deep Vision.

The company was started in 2014 based on research done by the founders while at Stanford University.

Related links and articles:

www.deepvision.io

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