Deci, a deep learning company harnessing artificial intelligence (AI) to solve the AI efficiency gap, has raised $25 million in a Series B funding round led by global software investor Insight Partners, with participation from existing investors Square Peg, Emerge, Jibe Ventures, and Fort Ross Ventures, as well as new investor ICON, the company announced Wednesday.
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Deci's deep learning platform helps data scientists eliminate the AI efficiency gap by adopting a more productive development paradigm. With the platform, AI developers can leverage hardware-aware Neural Architecture Search (NAS) to quickly build highly optimized deep learning models that are designed to meet specific production goals.
The investment comes just seven months after Deci secured $21 million in Series A funding, also led by Insight Partners, bringing Deci's total funding to $55.1 million. The funds will be used to expand Deci's go-to-market activities, as well as further accelerate the company's R&D efforts.
"The growing AI efficiency gap only further highlights the importance of 'shifting left' – accounting for production considerations early in the development lifecycle, which can then significantly reduce the time and cost spent on fixing potential obstacles when deploying models in production," said Yonatan Geifman, CEO and co-founder of Deci. "Deci's deep learning development platform has a proven record of enabling companies of all sizes to do just that by providing them with the tools they need to successfully develop and deploy world-changing AI solutions - no matter the level of complexity or production environment. This funding is a vote of confidence in our work to make AI more accessible and scalable for all."
