The Deci Founders. Photo: PR
Deci, an Israeli startup that helps other companies with the development of their artificial intelligence AI based systems, raised $21 million in Series A funding, led by Insight Partners.
Deci says that their company was built by “deep learning developers, for deep learning developers.”
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Nvidia explains that deep learning is a subset of AI and machine learning that uses multi-layered artificial neural networks to deliver state-of-the-art accuracy in tasks such as object detection, speech recognition, language translation, and others.
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Deep learning differs from traditional machine learning techniques, Nvidia says, in that they can automatically learn representations from data such as images, video or text, without introducing hand-coded rules or human domain knowledge. Their highly flexible architectures can learn directly from raw data and can increase their predictive accuracy when provided with more data.
“Our many years of hands-on experience, both in industry and in academia, led us to the realization that there must be a better way to maximize the full potential of deep learning projects and ensure that they are both successful and commercially viable.”
Deep learning models’ architecture and inference hardware are inextricably linked. However, in practice, a great chasm lies between them. To tackle this issue, we believe that the mitigation of production constraints should be shifted to the left and become an integral part of the model design phase. Deci enables organizations to cut the endless trial and error iterations during model design and training, and reach production grade performance faster. We do this by providing deep learning developers with the tools they need to automatically design neural architectures that are tailored for their unique data and inference hardware.
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1/3 We’re excited to share that Deci has raised a $21M Series A led by @InsightPartners with our existing investors @SquarePegCap, @Emerge_vc, & Jibe Ventures, and new investors including @SamsungNext, @Vintage_Inv & @FortRoss_VC.
Read more from our CEO > https://t.co/plwdc9UbHi pic.twitter.com/n3aBWqaFxK
— Deci AI (@deci_ai) October 20, 2021
“Amidst an increase in the adoption of deep learning models, shortening time to market and increasing the success rate in production is becoming critical as more and more enterprises look to commercialize their deep learning-based solutions,” said Yonatan Geifman, CEO and co-founder of Deci. “Deci’s end-to-end deep learning development platform has a proven track record of empowering the world’s leading AI teams with the tools they need to create, optimize, and successfully deploy innovative AI solutions. This funding is a vote of confidence in our work to empower enterprises to make deep learning breakthroughs into an everyday reality and we are delighted to be leveraging the support and experience of Insight Partners, as well as our other outstanding investors, on this journey.”
