The funding proceeds, together with existing revenues streams, will be used to help Deep Vision expand the capabilities of its AI processor and software tools and support its growing customer base.
The funding round was led by Tiger Global which was joined by Series A investors Exfinity Venture Partners, SiliconMotion, and Western Digital, which are also rejoining in the latest round of financing.
The company's AI processor, the ARA-1, has been desgined to deliver a combination of performance and power for camera-based applications intended for smart retail, driver-monitoring systems, smart city, drones, and factory automation.
Although best known for its ability to perform real-time video analytics, the company’s processor also provides natural language processing (NLP) capabilities for a growing market of voice-controlled applications.
Deep Vision has also created an extensive portfolio of development tools that allow customers to convert neural network models into highly optimised computation graphs ready to be deployed on the ARA-1 chip.
"This investment is a resounding affirmation of Deep Vision's tactical accomplishments and strategic direction, which are rapidly driving our company into a wide variety of applications in our key target markets,” said Ravi Annavajjhala, Deep Vision’s Chief Executive Officer. “We will now be able to significantly fortify our efforts to continue designing and building the world's most power- and price-efficient AI inference platform as well as flawless software development tools.”