Deep Vision, a company known for developing AI processors as well as software suites for edge computing applications, has announced that it has raised $35 million through the investment fund Tiger Global. This second round of funding will primarily help the company expand the capabilities of its processor as well as its software. In addition to Tiger Global, Exfinity Venture Partners, Silicon Motion, and Western Digital also participated in the round. In 2021, the edge computing market reached 6.29 billion dollars against 4.68 billion dollars in 2020 according to a report by Grand View Research. A sector in which Deep Vision is involved since 2014.

Edge AI chip startup Deep Vision has raised $35 million in a series B round of funding led by Tiger Global, joined by existing investors Exfinity Venture Partners, Silicon Motion and Western Digital. The company began shipping its first-generation chip last year. ARA-1 is designed for power-efficient, low-latency edge AI processing in applications like smart retail, smart city and robotics. While the company's name suggests a focus on convolutional neural networks, ARA-1 can also accelerate natural language processing with support for complex networks such as long short-term memory (LSTMs) and recurrent neural networks (RNNs). A second-generation chip, ARA-2 with additional features for accelerating LSTMs and RNNs will launch next year.