Israeli AI startup Deci raises over $9 million in seed funding

Israeli AI startup Deci raises over $9 million in seed funding

Deci, a deep learning company in Tel Aviv, has raised a sizable seed round of $9.1 million, led by Israel-based firm Emerge and Square Peg. The company is building an AI-based platform that can automatically craft robust and efficient deep neural network solutions ready for production at scale.

The startup says that currently, prolonged development cycles, high computing costs and inference performance make it nearly impossible for enterprises to productize AI. But “by harnessing AI to improve AI”, Deci’s platform aims to “empower data scientists and deep learning engineers with the tools needed to create and deploy effective and powerful solutions,” says Yonatan Geifman, CEO and co-founder.

The platform is powered by Deci’s patent-pending AutoNAC (Automated Neural Architecture Construction) technology, which uses machine learning to redesign any model and maximize its inference performance - all while preserving its accuracy. The result is a ‘tenfold performance improvement’ on any task, be it machine vision, NLP, or audio, claims the company.

Founded last year, the AI startup is partnering with industry players in autonomous vehicles, manufacturing, communication, video and image editing, healthcare, hardware and system OEMs.

Photo: Co-founders Jonathan (Joe) Elial, COO; Yonatan Geifman, PhD., CEO; and Prof. Ran El-Yaniv, Chief Scientist

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