Deci, a Ramat Gan, Israel-based deep learning company solving the AI efficiency gap, raised $25m in Series B funding.
The round was led by Insight Partners, with participation from existing investors Square Peg, Emerge, Jibe Ventures, and Fort Ross Ventures, as well as new investor ICON.
The funds will be used to expand the company’s go-to-market activities, as well as further accelerate its R&D efforts.
Founded by Yonatan Geifman, PhD, Jonathan Elial, and Professor Ran El-Yaniv, Deci provides a deep learning development platform that enables AI developers to build, optimize, and deploy accurate models for any environment including cloud, edge, and mobile, allowing them to innovate industries with innovative products. The platform is powered by Deci’s proprietary automated Neural Architecture Construction technology (AutoNAC), which empowers data scientists to build deep learning models that are tailored for any task, data set and target inference hardware.
Deci recently announced the launch of version 2.0 of its platform, which helps enterprises build, optimize, and deploy computer vision models on any hardware and environment, including cloud, edge and mobile, with outstanding accuracy and runtime performance.
The company collaborates with various hardware manufacturers, Computer OEMs and other ML ecosystem leaders, and is an official partner of Intel, Amazon Web Services (AWS), Hewlett Packard Enterprise (HPE), and NVIDIA among others.
FinSMEs
13/07/2022