Machine learning startup raises $15m Series A funding

June 07, 2021 // By Jean-Pierre Joosting
Machine learning startup raises $15m Series A funding
Enable a data-driven engineering revolution with machine learning enabling the huge volume of unused data to be processed efficiently.

Machine learning startup, Edge Impulse has announced the closing of a $15 million Series A investment round led by Canaan Partners with Acrew Capital, Fika Ventures, Momenta Ventures, and Knollwood Investment Advisory. This funding will support the company's mission to democratize ML for millions of developers and engineers deploying to billions of edge devices.

With a leading development platform for machine learning (ML) on edge devices, Edge Impulse enables developers and engineers to create valuable datasets, then rapidly develop and deploy custom ML models to any edge device.

99% of sensor data goes unused today, due to limitation in power, bandwidth and cost. Edge Impulse enables this data to be processed efficiently using machine learning optimized for the edge, making products smarter and improving privacy. The Edge Impulse platform allows developers and engineers to create valuable datasets, then rapidly develop and deploy custom ML models to any edge device from battery-powered sensors to Linux-run GPUs capable of operating actuating pneumatics to robotic arms.

The company's software is trusted by thousands of developers and enterprises looking to leverage sensor data to bring intelligence to the next wave of smart devices, with a growing list of silicon partners including Arm, Nordic Semiconductor, NVIDIA, Silicon Labs, STMicroelectronics, Microchip, Arduino, Raspberry Pi, Himax, and Eta Compute. To date, the platform has been used to produce more than 23,000 projects and 26 million labeled data samples across a wide range of verticals including industrial, infrastructure, wearables, and wildlife conservation, with a global community on trajectory to reach 100,000 developers by 2022.


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