Deci Raises $25M Series B To Accelerate The Productization Of Real-World Ai Applications
07/13/22, 11:01 AM
Location
Money raised
$25 million
Industry
artificial intelligence
science and engineering
data and analytics
software
Round Type
series b
Deci, the deep learning company harnessing AI to solve the AI efficiency gap, today announced it has raised $25 million in a Series B funding round led by global software investor Insight Partners, with participation from existing investors Square Peg, Emerge, Jibe Ventures, and Fort Ross Ventures, as well as new investor ICON. The investment comes just seven months after Deci secured $21 million in Series A funding, also led by Insight Partners, bringing Deci's total funding to $55.1 million. The funds will be used to expand Deci's go-to-market activities, as well as further accelerate the company's R&D efforts.
Company Info
Location
tel aviv, tel aviv district, israel
Additional Info
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.