Expedera raises funds to advance deep learning accelerator IP

Expedera has completed a $18m Series A funding round led by Dr. Sehat Sutardja and Weili Dai (founders of Marvell Technology Group) and other leading semiconductor industry investors. So far, the company has raises $27m and it will be using this new funding to speed product development and expand sales and marketing to meet the demand for its high performance and energy-efficient deep learning accelerator (DLA) IP. A growing number of semiconductor chip makers are adding AI (Artificial Intelligence) inference capabilities to applications, including smartphones, smart speakers, security cameras, PC/tablets, wearables, automotive, and edge servers. "We expect shipments of AI-enabled edge devices to grow from about 600m units in 2020 to 2bn units in 2025, representing 26% annual growth," said Linley Gwennap, Principal Analyst at The Linley Group. "Smartphones, a market where Expedera already has traction, represent about half of these units."