Deep learning involves a highly iterative process where data scientists build models and test them on GPU-powered systems until they get something they can work with. It can be expensive and time-consuming, often taking weeks to fashion the right model. Determined AI, a new startup wants to change that by making the process faster, cheaper and more efficient. It emerged from stealth today with $11 million in Series A funding.
The round was led by GV (formerly Google Ventures) with help from Amplify Partners, Haystack and SV Angel. The company also announced an earlier $2.6 million seed round from 2017 for a total $13.6 million raised to date.
Evan Sparks, co-founder and CEO at Determined AI says that up until now, only the largest companies like Facebook, Google, Apple and Microsoft could set up the infrastructure and systems to produce sophisticated AI like self-driving cars and voice recognition technologies. “Our view is that a big reason why [these big companies] can do that is that they all have internal software infrastructure that enables their teams of machine learning engineers and data scientists to be effective and produce applications quickly,” Sparks told …read more
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