Deep Vision, a company known for developing AI processors as well as software suites for edge computing applications, has announced that it has raised $35 million through the investment fund Tiger Global. This second round of funding will primarily help the company expand the capabilities of its processor as well as its software. In addition to Tiger Global, Exfinity Venture Partners, Silicon Motion, and Western Digital also participated in the round.

Deep Vision, a company specialized in edge computing and the development of high-performance processors

In 2021, the edge computing market reached 6.29 billion dollars against 4.68 billion dollars in 2020 according to a report by Grand View Research. A sector in which Deep Vision is involved since 2014. The company was founded based on research done by Rehan Hameed and Wajahat Qadeer at Stanford University. In addition to that, the firm specializes in the development of AI processors and more specifically deep learning.

Its patented chip named ARA-1 performs in applications based on cameras, video surveillance systems, drones or in factory automation. Useful for real-time video analysis, this processor can also provide capabilities for natural language processing (NLP) or voice-controlled machines.

35 million round of funding for Deep Vision to improve its tools in the future

Deep Vision announced that it has raised nearly $35 million in a Series B funding round led by Tiger Global. Several major players in the Series A round joined the fundraise: Exfinity Venture Partners, SiliconMotion, and Western Digital. Ravi Annavajjhala, CEO of Deep Vision commented on the funding and its upcoming use:

“This investment is a resounding affirmation of Deep Vision’s tactical achievements and strategic direction, which are rapidly pushing our company into a wide variety of applications in our key target markets. We will now be able to significantly strengthen our efforts to continue to design and build the world’s most energy and cost efficient AI inference platform and seamless software development tools.”

Scott Shleifer, partner member at Tiger Global explains why the investment fund became interested in Deep Vision:

“We are excited to partner with Deep Vision. We believe the company is positioned on a long runway, with a unique AI processor that combines innovative software and silicon architecture for advanced computing.”

Linley Gwennap, senior analyst for The Linley Group concludes by clarifying how important tools leveraging AI will be in the future and the need for high-performance processors:

“To improve the latency and reliability of voice and other cloud services, edge products such as drones, security cameras, robots and smart retail applications are implementing complex and robust neural networks. We expect 1.9 billion edge devices to ship with deep learning accelerators by 2025. Within these edge AI applications, we see increasing demand for more performance, higher accuracy and higher resolution. This rapidly growing market presents a great opportunity for Deep Vision’s AI accelerator, which offers impressive performance and low power.”

Translated from Deep Vision lève 35 millions de dollars pour améliorer les performances de son processeur et innover dans l’edge computing