Deep Vision, a Palo Alto-based developer of AI accelerator chip and software suite for edge computing purposes, raised $35 million in a Series B funding round led by Tiger Global.
Existing investors, Exfinity Venture Partners, Silicon Motion, and Western Digital also participated in this round.
Deep Vision used the fund to accelerate product innovation.
Company: Deep Vision, Inc.
Round: Series B
Funding Month: September 2021
Lead Investors: Tiger Global
Additional Investors: Exfinity Venture Partners, Silicon Motion, and Western Digital
Company Website: https://deepvision.io/
Software Category: AI inference solutions
About the Company: Founded by Dr. Rehan Hameed and Dr. Wajahat Qadeer in 2015, Deep Vision enables rich data insights to better optimize real-time actions at the edge. AI inference solutions deliver the optimum balance of computing, memory, low-latency, and energy efficiency for the demands of today's latency-sensitive AI-based applications. Deep Vision develops specialized processors for AI edge applications. Deep Vision’s ARA -1 chip is designed to be power-efficient in edge AI processing for the use cases mentioned above and accelerates natural language processing with support for complex networks such as long short-term memory (LSTMs) and recurrent neural networks (RNNs).