Tech Company Financing Transactions
XNOR.ai Funding Round
XNOR.ai closed a $2.6 million Seed funding round on 2/3/2017. Backers included Madrona Venture Group and private investors.
Transaction Overview
Company Name
Announced On
2/3/2017
Transaction Type
Venture Equity
Amount
$2,600,000
Round
Seed
Investors
Madrona Venture Group (Matt McIlwain)
Proceeds Purpose
The team, led by co-founders Ali Farhadi, CEO and Mohammad Rastegari, CTO will use the funding to further develop the platform and work with application developers, chip designers and companies developing AI applications for edge devices such as drones, cars, industrial machinery, and smart cameras.
Company Information
Company Status
Acquired or Merged
Industry
Artificial Intelligence
Mailing Address
936 N 34th St. 400
Seattle, WA 98103
USA
Seattle, WA 98103
USA
Phone
Website
Email Address
Overview
Our technology lets you run deep learning models efficiently, directly on your phone, IoT device, or an embedded CPU, without relying on datacenters or network connectivity. At XNOR.ai we build technology to power the next generation of pervasive, personal AI and deep learning.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ali Farhadi
Founder
Mohammad Rastegari
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