Latent AI Raises $19 Million Series A to Enable Next Generation AI Factories
Summary
Our solutions are being used in more places than ever before from manufacturing automation, predictive maintenance, process control, consumer electronics, and defense and aerospace applications. The companys flagship MLOps product, Latent AI Efficient Inference Platform (LEIP), allows compression and optimization of neural nets running on any hardware target in the edge continuum. With its Adaptive AI℠ technology, LEIP compresses conventional AI models below 8-bit integer precision without a noticeable accuracy change, with results of offering more than 10x memory size savings and 3x inference speed improvements with software-only optimizations. It’s guided training method, presented at the 2021 TinyML Research Symposium, demonstrated shrinking a person-detection model for visual wakeup applications to 81kB. We believe our investment in Latent AI will allow us to have deeper engagement with developers and users of autonomous technologies, and will enable us to drive new AI solutions to the edge where needed in national security and defense.” From Steve Escaravage, Senior Vice President at Booz Allen: “The National Defense Strategy calls for a more innovative, resilient military to maintain the U.S. competitive advantage, and the ability to collect, analyze and quickly act on data at the tactical edge is at the core of the mission,” said Steve Escaravage, senior vice president at Booz Allen.
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