Optimizing Deep Neural Networks
The Montreal-based startup company was founded in 2018 by Romano alongside entrepreneurs Davis Sawyer and Ehsan Saboori. Deeplite aims to “make AI accessible and affordable to benefit everyone's daily life.”
The Deeplite software engine, dubbed Neutrino, uses a multi-objective design space exploration approach to automatically optimize high-performance deep neural networks. Networks optimized by the software from the startup company are faster, more compact, and more efficient in power consumption. Neutrino is easily implemented into AI workflows with an accessible application programming interface (API).
Deep neural networks optimized by Deeplite’s software hold value in a number of industries. The self-driving car business can employ more efficient AI software in its vehicles, while smartphone manufactures can conserve battery life on their devices. Deeplite software can also improve deep learning performance on small, smart devices like cameras and even drones.
“We are incredibly impressed with the team, technology and market adoption of Deeplite’s software stack for Edge AI,” said Rob May, general partner at PJC. “Deploying AI, particularly deep learning, on resource-constrained devices, is a broad challenge in the industry with scarce AI talent and know-how available. Deeplite’s automated software solution will create significant economic benefit as Edge AI continues to grow as a major computing paradigm.”
Breaking Into the Edge AI Market
Market research expects the global edge AI software market, valued at $590 million in 2020, to reach over $1.8 billion by 2026 at a CAGR of 20.8%. The startup company is tapping into a business that benefits companies in numerous sectors by creating AI models that are both cost-effective and power-efficient. Deeplite will likely find competition from others, including startup company DarwinAI, as more competitors in the business attempt to capture their share of the market.
About the Author
James White is a Michigan State University graduate with a BS in Environmental Biology. He is interested in reporting emerging trends in technology, especially with regard to alternative energy and environmental conservation.