Deep Vision, a US-based creator of a software development suite and an AI processor for supreme computing functions, has bagged US$ 35 million in a Series B funding round led by Tiger Global Management on 15 September 2021.
Investors: The latest investment round featured Tiger Global Management as the lead investor with participation from Western Digital, Silicon Motion Technology and Exfinity Venture Partners.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards further expanding its product capabilities and bolstering its fast-growing user base.
About Deep Vision
Brought to existence in 2015 by Rehan Hameed and Wajahat Qadeer, Deep Vision formulates an exceptional vision-focused processor with higher speed and power efficiency than DSP and GPU processing for today’s computer vision challenges. The firm’s software and silicon offer the performance, ease of use and influential application developers required to ensure pervasive edge AI. Its offerings are based on extensive research into the instruments and architecture necessary to structure and provide a cutting-edge AI processor. The processor additionally offers a natural language processing (NLP) tech to meet the surging demand for voice-controlled software. It compounds its processing tech with a coherent, agile, and strong set of development instruments that enable its users to effortlessly transform their neural network paradigms into highly enhanced computation charts fit to be employed on the ARA-1 chip. Some domains requiring such state-of-the-art tech include driver-monitoring systems, factory automation, drones, smart city, smart retail, and others.
What the Founder has to say: “The infusion of new capital is a testimony of our tactical direction and strategic achievements, which are steering our corporation into a broad range of applications at a fast pace in our vital target sectors. We now have the potential to bolster our efforts to persist in building and designing the worlds most cost-effective and powerful AI inference interface and seamless software development instruments.”- Ravi Annavajjhala, CEO of Deep Vision.
What the Investor has to say: “It is exhilarating to join hands with Deep Vision. We feel that the firm is well placed to experience long-term growth, offering an exceptional AI processor that amalgamates silicon infrastructure and innovative software for edge computation.”- Scott Shleifer, Partner at Tiger Global Management.
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