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Deci Raises $21M To Enable The World To Benefit From The Full Potential Of Ai

Oct 20, 2021•over 3 years ago

Amount Raised

$21 Million

Tel Aviv

Description

Deci, the deep learning development company that helps enterprises build, optimize, and deploy AI to production, today announced it has raised a $21 million Series A round led by New York-based global private equity and venture capital firm Insight Partners. Deci's existing investors Square Peg, Emerge and Jibe Ventures participated in the round and were joined by new investors including Samsung Next, Vintage Investment Partners, and Fort Ross Ventures. The investment comes 12 months after Deci secured more than $9 million in seed funding and brings the total funding to $30.1 million. The funds will be used to accelerate Deci's commercial growth by expanding sales, marketing, and customer success operations globally.

Company Information

Company

Deci

Location

Tel Aviv, Tel Aviv District, Israel

About

Deci enables deep learning to live up to its true potential by using AI to build better AI. With the company's end-to-end deep learning development platform, AI developers can easily build, optimize, and deploy highly accurate and efficient models to any environment including cloud, edge, and mobile, allowing them to revolutionize industries with innovative products. Founded by Dr. Yonatan Geifman, Professor Ran El-Yaniv and Jonathan Elial, Deci's team of deep learning engineers and scientists are dedicated to eliminating production-related bottlenecks across the AI lifecycle. Leading enterprises and industry leaders are using Deci to boost their deep learning models' performance, shorten development cycles and reduce computing costs.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech