DeepCube, a Tel Aviv, Israel-based deep learning company, raised $7m in Series A funding.
The round, which brings the total invested in DeepCube to $12m, was led by Awz Ventures with participation from Koch Disruptive Technologies (KDT) and Nima Capital.
The company intends to use the funds to advance, productize, and expand the presence of its patented software-based inference accelerator in new markets, while accelerating additional research, commercialization, and growth of the team in its offices in Tel Aviv and the US.
Led by Dr. Eli David, Co-Founder, DeepCube provides a software-based inference accelerator to improve deep learning performance on existing hardware. The company’s patented technology is purpose-built for deployment of deep learning models on data centers and intelligent edge devices. The proprietary framework can be deployed on top of any existing hardware, resulting in speed improvement and memory reduction.