• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2023-2024
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
    • Venture Capital
  • About
  • Contact

XNOR, a Self-Serve Developer Platform Powering AI on Billions of Devices, Raises $12M Series

May 9, 2018 By admin Leave a Comment

XNOR.AI today announced the close of its $12 million Series A financing led by Madrona Venture Group with participation from NGP Capital, Autotech Ventures and Catapult Ventures. The funding will be used to unlock the next wave of AI adoption, shifting AI from the cloud to run locally on intelligent devices.

Unlike traditional AI that runs in massive data centers and requires network connectivity, XNOR makes AI highly efficient by allowing deep learning models to run directly on phones, IoT devices and low power microprocessors. XNOR’s technology enables AI experiences that are up to 10x faster, 200 percent more power efficient, and use 15x less memory.

Developers and device manufacturers can now power drones to capture a bird’s eye view of immense fields, pinpointing failing crops and recommending optimum harvest time with no need for internet connectivity. Gamers can now create interactive, immersive worlds that can run on basic cell phones. And smartwatches can deliver real time health notifications without being connected to the internet.

“XNOR’s mission is to remove barriers that prevent the widespread use of AI in everyday devices. Our ‘AI everywhere for everyone’ technology eliminates the need for internet connectivity, runs on inexpensive hardware platforms and eliminates latency inherent in traditional cloud based AI systems,” said Ali Farhadi, Co-founder and CEO of XNOR.

The new funding will allow the company to accelerate development of the XNOR Developer Platform to be released in the Fall of 2018. This self-serve platform will enable enterprises, device creators and app developers, even those without AI expertise, to integrate state-of-the-art AI models into their apps and let them run on “edge” devices such as mobile phones, drones, and IoT cameras.

“Ali, Mohammad and their team are creating the technologies that will enable the next big innovation in AI – intelligence and computing at the edge. These edge devices need immediate intelligence to operate efficiently and intelligently,” said Matt McIlwain, Managing Director, Madrona Venture Group. “We believe that the next big advances at the edge will come through XNOR’s platform.” As part of the financing, Matt McIlwain will continue to serve on the XNOR board of directors.

“AI is becoming an integral component in the transportation industry. XNOR’s lightweight algorithms will enable ‘AI on the edge’ for a broad range of applications, from cars to fleet management to smart infrastructure,” said Alexei Andreev, Managing Director of Autotech Ventures who joins the board as an observer.

XNOR is working with leading semiconductor partners, such as Ambarella, to enable XNOR’s technology with their products, allowing customers to accelerate time to market for AI-enabled edge devices. “We’re pleased to be working with XNOR to offer their advanced AI capabilities on Ambarella’s low power, HD camera SoCs,” said Chris Day, VP, Marketing and Business Development of Ambarella. “The combination will help to enable a new generation of intelligent IoT cameras, including smart home monitoring devices, capable of delivering analytics at the edge.”

XNOR has quickly proven itself as a leading innovator in Seattle’s rapidly expanding AI space. The underlying technology was developed at the Allen Institute for Artificial Intelligence and spun out through AI2’s incubator program in 2017.

Filed Under: Tech Tagged With: XNOR

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Market Analysis

The Growing Tin Market: Prospects for Future Demand and Sustainability
Prospects for the Growing Lithium Market in the Coming Years
DevOps and Agile: Integrating Development and Operations
China’s Use of Golden Shares: From Reducing State Role to Quietly Controlling Tech Giants
Why Amazon Acquired One Medical: Disrupting the Healthcare Industry with Technology-Enabled Care
The End of an Era: Why China is No Longer Viable as the World’s Factory
Cloudflare’s FedRAMP authorization opens up a huge market opportunity in the US government sector

Market Research Media

How plunging birthrates threaten national economies
Agile Leadership: Leading Agile Teams for Success
Chinese Brands Reach New Heights of Popularity in the West Amid Growing Political Tensions
Unrestricted Streaming: How VPNs Can Enhance Media Consumption Experience
How the world’s biggest companies have built and defended their moats
Virtual Learning Environments: A Game-Changer in Education?
Streaming video, training, and gaming coming together to form a cohesive and diverse media and entertainment ecosystem

Secondary Sidebar

Tech Events

GitHub Universe 2023 will be held on November 8-9 in San Francisco, California
Upcoming Technology Events of 2023
Space Symposium 2023, April 17-20, Broadmoor, Colorado Springs, Colorado
The Yugabyte’s third annual Distributed SQL Summit (DSS) Asia, March 28, 2023
NVIDIA GTC, a global conference for the era of AI and the metaverse, March 20-23, 2023

Venture Capital

African Venture Investment Soars to Record High, Fueled by Tech Startups
Pitchly Secures $7 Million Series A Funding for SaaS-Based Data Enablement Solution
Agile Project Management: Roles and Responsibilities
Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round of financing
GameTech Startups Attracting Venture Capital Funding: The Importance of VPN Security

Footer

Recent Posts

  • Hydrogen Technology: The Key to a Sustainable Future for the Cruise and Shipping Industries
  • Regenerative Finance: Shifting Towards Sustainable and Equitable Financial Systems
  • Why Arm Ltd May Build Its Own Semiconductor
  • Dragonfly Announces New Kubernetes Operator for In-Memory Datastore for Simplified Operations and Increased Performance
  • Cosmic Crops Return: Seeds Sent to Space to Develop Resilient Crops for a Warming World
  • AI Developer
  • Nvidia’s Lead in AI: Disrupting the Tech Industry
  • Canva Launches Brand Management Features and AI-Powered Design Tools to Empower Creatives and Professionals
  • Cloudflare Enters Fraud Detection Market with Cloudflare Fraud Detection
  • Devices utilizing Wi-Fi HaLow technology are gaining momentum

App Coding

App Coding for Multicloud: Challenges and Best Practices
Maximizing Your Coding Skills with ChatGPT: A Guide
Up the Ante by Coding Your Own WordPress Plugin
The annual GameTech Market 2023 is back and better than ever!
Building Hyperscale Apps: Best Practices and Key Considerations

API Coding

Enterprise API Strategies: Understanding Adoption and Best Practices Survey
Exploring the Benefits of Microservices Architecture and API Gateways
Enabling CORS for a REST API Resource: Steps for Allowing Cross-Origin Requests
Connecting to a Crypto Exchange using an API Key: A Guide
How to connect to the Chat GPT API

Blockchaining

The Role of Blockchain in Digital Identity Management
Discontinuation of TradeLens: The End of a Blockchain-Enabled Global Trade Platform by Maersk and IBM
What is a blockchain domain?
Blockchain for Energy Launches Decentralized Platform for Building and Accessing Smart Contract Solutions
Global Venture Funding for Blockchain and Crypto Companies Hit Record $26.8B in 2022, But Declined in Later Quarters

Event Calendar

PCIM Europe 2023, May 9-11, 2023, Nuremberg Exhibition Center, Nuremberg, Germany
Interwire Trade Exposition, May 9-11, 2023, Georgia World Congress Center, Atlanta, GA
ProMat 2023, the leading trade show for the manufacturing and supply chain industry, March 20-23 2023, Chicago’s McCormick Place
Prints 2023, Printing Conference, March 3, 2023
Milan Design Week 2023, April 17-23 2023, Milan, Italy

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT