Inspirit IoT, Inc., a Champaign, Illinois-based provider of smart IoT app enablement solutions, closed a late seed funding of undisclosed amount.
The round was led by Senscape Technologies. Together with Senscape, a leader in machine learning and computer vision technologies, the investment and strategic alliance will accelerate design and deployment of smart vision and smart sound applications.
The new funding will support the US and Asia Pacific commercialization of these technologies.
Led by Dr. Deming Chen, President and Chairman, Inspirit IoT offers deep neural network (DNN) analysis and optimization tools, chip-agnostic high-level synthesis (HLS), and IoT hardware accelerator solutions to enable smart IoT applications.
The company was launched following five years of research in the Advanced Digital Sciences Center (ADSC) of University of Illinois at Urbana-Champaign (UIUC). With the support of the US Government SBIR Seed Fund, it has now expanded its novel suite of design tools to include Xcelo Compiler (an HLS tool), DNN Optimizer, and Smart Sound solutions.