Deep Vision Raises $ 35 Million in Series B Funding Led by Tiger Global for Edge AI Computing

Deep Vision, Inc., the developers of an AI processor and a comprehensive software development suite for advanced computing applications, today announced that it has received $ 35 million in a round oversubscribed Series B financing fund led by Tiger Global.

Combined with its existing revenue streams, the proceeds from the funding will help Deep Vision expand the capabilities of its AI processor and software tools and support its rapidly growing customer base.

Tiger Global is joined by Series A investors Exfinity Venture Partners, SiliconMotion and Western Digital, who are also joining the latest round of funding.

Ravi Annavajjhala, CEO of Deep Vision, said, “We will now be able to significantly strengthen our efforts to continue to design and build the world’s most cost-effective and cost-effective AI inference platform as well. that flawless software development tools. “

Sree Reddy, Vice President of Engineering at Deep Vision. “Deep Vision’s leadership position in the Edge AI space is the result of cutting-edge research developed at Stanford as well as cross-border collaboration between American and Indian teams. “

“We believe the company is positioned on a long track, with a unique AI processor that combines innovative software and silicon architecture for advanced computing,” said Scott Shleifer, Partner, Tiger Global.

“One of the main funding theses of Exfinity Venture partners is to support companies that leverage skills and scale in the fertile Indo-American technology corridor, particularly in the deep tech arena from early on. early stages, ”said Chinnu Senthilkumar, General Partner and CTO, Exfinity Venture Partners. “Deep Vision is proof of this, as their execution demonstrates the potential of Indian semiconductor chip designers in building cutting-edge AI silicon chips and accelerating India’s path to achieving self-reliance in the industry. chip manufacturing and the emerging semiconductor ecosystem. “

Posted on: Monday, September 20, 2021, 3:20 p.m. IST