EDGENeural.ai has successfully raised a seed funding

EDGENeural.ai  has successfully raised a seed funding

We are delighted to announce to have raised seed funding from Anicut Angel Fund, the equity arm of Anicut Capital. We also had participation from other renowned investors including Venkat Raju, 9Unicorns, Samir Inamdar, and Dilip Angal for the seed funding round.

We are grateful to our investors for believing in our vision and supporting us. We are building the platform to enable developers and businesses to leverage edge AI potential easily and efficiently. This investment helps us to scale up our business and further our capabilities to enable our clients. Our low code, modular, fully integrated platform will be beneficial for developers as well as businesses. We want to facilitate our clients in accelerating Edge AI development while improving the performance without compromising the accuracy within just a few weeks. We are also a part of the NVIDIA Inception Program, T-Hub, StartupIndia, Microsoft for Startups, Nasscom DeepTech Club 2.0

A few of the benefits clients can achieve utilizing our platform are: (1) Accelerate the time-to-market for Edge AI Development by up to 5X (2) Reduce total cost of application by up to 75% percent (3) Optimize latency by up to 7X while preserving accuracy to enhance performance and lower memory footprint.

“As investors, we see a lot of value in the technology created at EDGENeural.ai, which in turn will unlock new opportunities for many businesses across different industries. What impressed us most was a strong and unique business model – one that is easily scalable in India and beyond. We are delighted to make this contribution,” said Ashvin Chadha, Co-founder, Anicut Angel Fund.

“Edge Computing has a massive market opportunity, but its adoption has been stymied by developers forced to make significant compromises with tools and technologies built in a different era and/or repurposed from cloud (hub) centric architectures. EDGENeural’s platform, purpose-built by Edge AI developers for fellow developers and stakeholders such as (Edge) device manufacturers and others, should help accelerate and fully realize the potential of Edge computing. We are looking forward to being a part of EDGENeural for the long term and accelerating growth as well as building a global company,” said Venkat Raju, a serial entrepreneur & investor.

https://theprint.in/ani-press-releases/anicut-angel-fund-leads-the-seed-round-in-deep-tech-startup-edgeneural-ai/697624/

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