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Stock impact report

Deeplite raises $6M seed to deploy ML on edge with fewer compute resources [TechCrunch Blog]

SMART Global Holdings, Inc. - Ordinary Shares (SGH) 
Last smart global holdings, inc. - ordinary shares earnings: 4/7 04:05 pm Check Earnings Report
US:NYSE Investor Relations: ir.smartm.com
Company Research Source: TechCrunch Blog
One of the issues with deploying a machine learning application is that it tends to be expensive and highly compute intensive.DeepliteToday, the company announced a $6 million seed investment. Boston-based venture capital firm PJC led the round with help from Innospark Ventures, Differential Ventures and Smart Global Holdings. Somel Investments, BDC Capital and Desjardins Capital also participated.Nick Romano, CEO and co-founder at Deeplite, says that the company aims to take complex deep neural networks that require a lot of compute power to run, tend to use up a lot of memory, and can consume batteries at a rapid pace, and help them run more efficiently with fewer resources.“Our platform can be used to transform those models into a new form factor to be able to deploy it into constrained hardware at the edge,” Romano explained. Those devices could be as small as a cell phone, a drone or even a Raspberry Pi, meaning that developers could deploy AI in ways that just wouldn’t be possib Show less Read more
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