Deci snaps up $21M for tech to build better AI models based on available data and compute power - NewsBreak

The Tel Aviv-based startup has picked up a Series A of $21 million, money that it will be using to continue expanding its product and customer base. Insight Partners is leading the round, with previous backers Square Peg, Emerge and Jibe Ventures, alongside some new backers: Samsung Next, Vintage Investment Partners, and Fort Ross Ventures. Square Peg and Emerge led Deci's seed round of $9.1 million a year ago. It also works very closely with others who are not strategic or financial investors (but may well be down the line?). Intel collaborated with it on MLPerf, where Deci's technology accelerates the inference speed of the ResNet-50 neural network when run on Intel CPUs.