Xnor.AI, a Seattle, WA-based provider of self-serve developer platform powering AI on devices, closed its $12m Series A financing.
The round was led by Madrona Venture Group with participation from NGP Capital, Autotech Ventures and Catapult Ventures. Alexei Andreev, Managing Director of Autotech Ventures has joined the board as an observer.
The company intends to use the funds to expand operations and develop the platform to be released in the Fall of 2018.
Led by Ali Farhadi, Co-founder and CEO, Xnor is advancing a self-serve platform that will enable enterprises, device creators and app developers, even those without AI expertise, to integrate AI models into their apps and let them run on “edge” devices such as mobile phones, drones, and IoT cameras.
It is used by global corporations in aerospace, automotive, retail, photography and consumer electronics.