What is LeapMind?
LeapMind is at the forefront of the Deep Learning of Things (DoT) movement, developing advanced deep learning solutions tailored for embedded devices. The company's core innovation lies in its ability to optimize neural network models and algorithms for both software and hardware, enabling sophisticated deep learning capabilities on resource-constrained edge devices, including low-power FPGAs. This unique technology allows LeapMind to offer comprehensive, one-stop solutions for model creation, compression, optimization, and deployment on edge and embedded systems, addressing a critical need for efficient AI integration in a wide array of applications.
How much funding has LeapMind raised?
LeapMind has raised a total of $13.4M across 2 funding rounds:
Series A
$3.4M
Series B
$10M
Series A (2016): $3.4M with participation from Archetype Ventures, Itochu Technology Ventures, and Visionnaire Ventures
Series B (2017): $10M led by NTT Data, GMO Global Payment Fund, Intel Capital, Itochu Technology Ventures, Inc, Visionnaire Ventures, and Archetype Ventures
Key Investors in LeapMind
NTT Data
NTT Data Corporation is a global IT services company providing consulting, system development, and outsourcing. Their investment in LeapMind suggests a strategic interest in advancing AI capabilities within enterprise solutions and embedded systems.
GMO Global Payment Fund
GMO VenturePartners is a venture capital firm focused on IT startups, particularly in fintech, across Japan, the USA, India, and Southeast Asia. Their participation indicates a belief in LeapMind's disruptive potential within the technology sector.
Intel Capital
Intel Capital, the venture investment arm of Intel, invests in innovative technology startups. Their backing of LeapMind highlights the company's alignment with Intel's strategic focus on AI, edge computing, and next-generation technologies.
What's next for LeapMind?
With substantial enterprise-level backing, LeapMind is strategically positioned to accelerate its research and development efforts and expand its market reach. The recent major strategic investment suggests a strong validation of its technology and business model by key industry players. This capital infusion will likely fuel further innovation in optimizing deep learning for edge computing, enabling more powerful and efficient AI applications across various industries. LeapMind's focus on DoT indicates a forward-thinking approach to the proliferation of intelligent devices, promising continued growth and leadership in the embedded AI sector.
See full LeapMind company page
