The edge AI market has expanded exponentially, but hardware solutions like GPUs can result in added costs due to the complexities they introduce into hardware and software infrastructures. Neural Magic has developed an interface engine that runs at GPU speeds but is compatible with already running computer CPUs, reducing costs while speeding up processes.
Since the company’s launch in 2019, new startups including NeuReality, Deci, and Deep Cube have emerged. While these startups offer some sort of edge AI software, the scope of Neural Magic’s optimized models provides leading support for data scientists, engineers, and developers.
Funding secured will help advance operations and further Neural Magic's business reach. As the first company to offer free open-source modelling in an expanding and lucrative market, the company is well positioned to be a leading force in machine learning acceleration.
Steph
Company Specialist at Welcome to the Jungle