Home » Anicut Angel Fund leads seed round in deep-tech startup EDGENeural.AI
Pune: Pune-based deep-tech startup, EDGENeural.AI has raised an undisclosed amount in seed funding from Anicut Angel Fund, the equity arm of Anicut Capital.
The funding round saw participation from other investors including Venkat Raju, 9Unicorns, Samir Inamdar, Dilip Angal along with prominent angel investors.
The company is leading a paradigm shift in AI to empower AI practitioners, engineers, and startups with tools to deploy Deep Neural Networks (DNNs) on resource constraints, low-power and cost-effective hardware as well as optimize production models for improved accuracy and performance.
To enable this, the new investment/funding will help the company to further scale its engineering, product support, and sales team, and make the product seamless for the customers globally.
To bridge the challenges in the burgeoning EDGE ecosystem, Sarvesh Devi and Dhairya Badiyani founded EDGENeural.AI in 2020. The company is building a unified, cloud-neutral, hardware-agnostic platform ENAP that can automatically craft robust, scalable, and efficient deep neural network solutions for EDGE devices ready for production at scale.
Some of the features worth mentioning are:
Accelerating the time-to-market for EDGE AI Development by up to 5X
Reducing total cost of application by up to 75 per cent
Optimizing latency by up to 7X while preserving accuracy to enhance performance and lower memory footprint
Open architecture and integrations into popular model training tools and frameworks.
The company was initially bootstrapped and is currently backed by the NVIDIA Inception Program, T-Hub, StartupIndia, Microsoft for Startups, Nasscom DeepTech Club 2.0.