AIStorm, a US-based developer of artificial intelligence (AI) data-processing chipsets, has collected $13.2m in series A funding from corporates Egis Technology, TowerJazz, Meyer Corporation and Linear Dimensions Semiconductor.
Biometric technology producer Egis, image sensor manufacturer TowerJazz, kitchen equipment supplier Meyer and semiconductor maker Linear Dimensions all took part in the round. The company had not disclosed any earlier funding.
AIStorm develops AI-in-sensor processors that are capable of processing data from smartphones, internet-of-things devices, vehicles and wearable devices directly in its native analogue form.
The company claims the technology can reduce the power consumption, latency and costs associated with traditional at-the-edge machine learning.
Egis CEO Todd Lin said: “Edge applications must process huge amounts of data generated by sensors. Digitising that data takes time, which means that these applications do not have time to intelligently select data from the sensor data stream, and instead have to collect volumes of data and process it later.
“For the first time, AIStorm’s approach allows us to intelligently prune data from the sensor stream in real time and keep up with the massive sensor input tasks.”