Edge Impulse, a San Jose, Calif.-based development platform for machine learning (ML) on edge devices, closed a $15m Series A funding.
The round was led by Canaan Partners with participation from Acrew Capital, Fika Ventures, Momenta Ventures, and Knollwood Investment Advisory.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Zach Shelby, CEO and co-founder, Edge Impulse is a development platform for embedded machine learning, used by thousands of enterprises across 23,000+ ML projects worldwide.
The system allows developers and engineers to create valuable datasets, then rapidly develop and deploy custom ML models to any edge device from battery-powered sensors to Linux-run GPUs capable of operating actuating pneumatics to robotic arms. The company’s software is used by thousands of developers and enterprises looking to leverage sensor data to bring intelligence to the next wave of smart devices, with a list of silicon partners including Arm, Nordic Semiconductor, NVIDIA, Silicon Labs, STMicroelectronics, Microchip, Arduino, Raspberry Pi, Himax, and Eta Compute. To date, the platform has been used to produce more than 23,000 projects and 26 million labeled data samples across a wide range of verticals including industrial, infrastructure, wearables, and wildlife conservation, with a global community on trajectory to reach 100,000 developers by 2022.
FinSMEs
18/05/2021