US-based edge computing technology developer Deep Vision has raised $35m in a series B round that included data storage system providers Silicon Motion and Western Digital.
Hedge fund manager Tiger Global Management led the round, which also featured venture capital firm Exfinity Venture Partners.
Spun out of Stanford University in 2014, Deep Vision is developing deep learning technology including an artificial intelligence processor and a software development platform, for use in edge computing.
The company has not disclosed details of earlier funding but named Silicon Motion, Western Digital and Exfinity as investors in its series A round. The series B proceeds will support further development of its products.
Ravi Annavajjhala, CEO of Deep Vision, said: “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.
“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.”
