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Neural Magic Announces $30 Million Series A Funding Led By Nea

Neural Magic Announces $30 Million Series A Funding Led By Nea

10/06/21, 12:00 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgsomerville
Money raised
$30 million
Round Type
series a
Proceeds to Accelerate Growth of Software-Delivered AI

Company Info

Company
Neural Magic
Location
somerville, pennsylvania, united states
Additional Info
Neural Magic is making deep learning faster, affordable, and flexible with automated model sparsification technologies that minimize footprint and allow models to run on CPUs at GPU speeds. The company is spun out of MIT by founders Nir Shavit and Alexander Matveev who were frustrated by the limitations in memory size and software complexity imposed by GPUs. Neural Magic investors include Amdocs, Andreessen Horowitz, Comcast Ventures, NEA, and Pillar VC.