Edge AI technology company AlphaICs has secured $8 million in Series B funding. The round was led by Endiya Partners and Emerald Technology Ventures, with participation from existing Series A investors. The company designs and develops high-performance AI chips for edge computing and will use the funds to develop its software stack and to build system solutions for its target markets. To know more about edge AI and the road ahead for the company, Startup Street spoke to Pradeep Vajram, chairman & CEO of AlphaICs.
Edge AI applications in consumer markets like high-end smartphones, wearables as well as enterprise markets like sensors, cameras, and robots, will be pervasive in the next few years, said Sateesh Andra, Managing Director with Endiya Partners.
