When combined with its existing revenue streams, the funding proceeds will help Deep Vision expand the capabilities of its AI processor and software tools and support its rapidly growing customer base.
Tiger Global is joined by Series A investors Exfinity Venture Partners, SiliconMotion, and Western Digital, which are also rejoining in the latest round of financing.
Deep Vision’s patented an AI processor, named ARA-1, delivers a ground-breaking combination of performance, power, and price for camera-based applications like such as smart retail, driver-monitoring systems, smart city, drones, and factory automation.
Although best known for its ability to perform real-time video analytics, the company’s processor also provides natural language processing (NLP) capabilities for a growing market of voice-controlled applications.
Deep Vision complements its processing technology with an extremely comprehensive, flexible, and robust set of development tools that allow its customers to easily convert their neural network models into highly optimized computation graphs ready to be deployed on the ARA-1 chip.
“This investment is a resounding affirmation of Deep Vision’s tactical accomplishments and strategic direction, which are rapidly driving our company into a wide variety of applications in our key target markets,” says CEO Ravi Annavajjhala, “we will now be able to significantly fortify our efforts to continue designing and building the world’s most power- and price-efficient AI inference platform as well as flawless software development tools.”