Startups

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

Comment

Image Credits: Getty Images

Building usable models to run AI algorithms requires not just adequate data to train systems, but also the right hardware subsequently to run them. But because the theoretical and practical are often not the same thing, there is often a gap between what data scientists may hope to do and what they practically do. Today, a startup called Deci that has built a deep learning platform to help bridge that gap — by building models that can work with the data and hardware that are available to use — is announcing some funding after finding strong traction for its products with Fortune 500 tech companies running mass-market, AI-based products based on video and other computer vision-based services.

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.

Up to now, Deci has been focusing its attention on models for computer vision-based products, where its platform — built on its own proprietary AutoNAC (Automated Neural Architecture Construction) technology — is able to build, and continuously update, models quickly for services that might have otherwise taken longer, and a lot of trial and error, to devise.

One key client, for example, is one of the world’s biggest and well-known videoconferencing platforms (unfortunately, name undisclosed) that is using Deci to build AI modeling so that users can blur their backgrounds in video calls. Here, all of the computing needed to execute that blurring is happening at “the edge”, on users’ own CPU-based devices (that is, not typically optimized for AI workloads).

Yonatan Geifman, the CEO who co-founded Deci with Ran El-Yaniv and Jonathan Elial (a trio of AI specialists), said that the plan is now to start expanding from computer vision applications to another challenge, building better NLP (natural language) models, which you might need to run any kind of service with a voice interface, from personal assistants on phones or smart speakers through to audio-based search or any kind of customer service interface, for example.

Although Deci has picked up a lot of business by helping companies address the challenge of running AI services in a landscape of devices that are not necessarily optimized for AI, it has also found a lot of interest from organizations to use Deci to build better models for their own internal computing, even when they theoretically have the GPUs and compute power on hand to run anything. This taps into an interesting power balance that has long existed in enterprise IT and is very much getting played out in AI today, where enterprises will try to do more with the assets they have to hand, while at the same time they are regularly getting pushed to invest more in newer and more expensive and powerful equipment.

“There is a race to larger models all the time,” Geifman said in an interview, citing the new language model announced earlier this month by Nvidia and Microsoft as one example of that evolution. “So the hardware is just not enough. In one sense, maybe that race and drive to invest in new hardware is being pushed by the hardware makers themselves, but the models are getting larger. There is a gap, between the algorithm and the supply of the hardware. So, we need to have some convergence based on what hardware we have. Deci is bridging or even closing that gap.”

With adequate training data being another perennial problem in AI, Deci is also working to give a boost on the data side of the equation. Geifman said that Deci essentially builds synthetic data sets to supplement data when more is needed to build the models. In all cases, the product works within organizations’ developer environments, data stays where it is and does not go to Deci or anywhere else in the process of building the models.

Alongside that Deci is also using AutoNAC to build more products. The most recent of these is DeciNets, which Deci describes as “a family of computer vision models” that essentially skip some of the work of building models from the ground up and therefore using less compute power to run.

“Deci is at the forefront of AI and deep learning acceleration, with highly differentiated technology that lets customers optimize blazingly fast deep learning models for inference tuned to any hardware platform,” said Lonne Jaffe, managing director at Insight Partners, in a statement. “We are delighted to be part of Deci’s ScaleUp journey and look forward to supporting the company’s rapid growth.” Jaffe is joining the board with this round.

More TechCrunch

Welcome to TechCrunch Fintech! This week, we’re looking at Rippling’s controversial decision to ban some former employees from selling their stock, Carta’s massive valuation drop, a GenZ-focused fintech raise, and…

Rippling’s tender offer decision draws mixed — and strong — reactions

Google is finally making its Gemini Nano AI model available to Pixel 8 and 8a users after teasing it in March.

Google’s June Pixel feature drop brings Gemini Nano AI model to Pixel 8 and 8a users

At WWDC 2024, Apple introduced new options for developers to promote their apps and earn more from them in the App Store.

Apple adds win-back subscription offers and improved search suggestions to the App Store

iOS 18 will be available in the fall as a free software update.

Here are all the devices compatible with iOS 18

The acquisition comes as BeReal was struggling to grow its user base and was looking for a buyer.

BeReal is being acquired by mobile apps and games company Voodoo for €500M

Unlike Light’s older phones, the Light III sports a larger OLED display and an NFC chip to make way for future payment tools, as well as a camera.

Light introduces its latest minimalist phone, now with an OLED screen but still no addictive apps

Since April, a hacker with a history of selling stolen data has claimed a data breach of billions of records — impacting at least 300 million people — from a…

The mystery of an alleged data broker’s data breach

Diversity Spotlight is a feature on Crunchbase that lets companies add tags to their profiles to label themselves.

Crunchbase expands its diversity-tracking feature to Europe

Thanks to Apple’s newfound — and heavy — investment in generative AI tech, the company had loads to showcase on the AI front, from an upgraded Siri to AI-generated emoji.

The top AI features Apple announced at WWDC 2024

A Finnish startup called Flow Computing is making one of the wildest claims ever heard in silicon engineering: by adding its proprietary companion chip, any CPU can instantly double its…

Flow claims it can 100x any CPU’s power with its companion chip and some elbow grease

Five years ago, Day One Ventures had $11 million under management, and Bucher and her team have grown that to just over $450 million.

The VC queen of portfolio PR, Masha Bucher, has raised her largest fund yet: $150M

Particle announced it has partnered with news organization Reuters to collaborate on new business models and experiments in monetization.

AI news reader Particle adds publishing partners and $10.9M in new funding

The TechCrunch team runs down all of the biggest news from the Apple WWDC 2024 keynote in an easy-to-skim digest.

Here’s everything Apple announced at the WWDC 2024 keynote, including Apple Intelligence, Siri makeover

Mistral AI has closed its much-rumored Series B funding round, raising €600 million (around $640 million) in a mix of equity and debt.

Paris-based AI startup Mistral AI raises $640M

Cognigy is helping create AI that can handle the highly repetitive, rote processes center workers face daily.

Cognigy lands cash to grow its contact center automation business

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm. What started as a tool to hyper-charge productivity through writing essays and code with short text prompts has evolved…

ChatGPT: Everything you need to know about the AI-powered chatbot

Featured Article

Raspberry Pi is now a public company

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate.

7 hours ago
Raspberry Pi is now a public company

Hello and welcome back to TechCrunch Space. What a week! In the same seven-day period, we watched Boeing’s Starliner launch astronauts to space for the first time, and then we…

TechCrunch Space: A week that will go down in history

Elon Musk’s posts seem to misunderstand the relationship Apple announced with OpenAI at WWDC 2024.

Elon Musk threatens to ban Apple devices from his companies over Apple’s ChatGPT integrations

“We’re looking forward to doing integrations with other models, including Google Gemini, for instance, in the future,” Federighi said during WWDC 2024.

Apple confirms plans to work with Google’s Gemini ‘in the future’

When Urvashi Barooah applied to MBA programs in 2015, she focused her applications around her dream of becoming a venture capitalist. She got rejected from every school, and was told…

How Urvashi Barooah broke into venture after everyone told her she couldn’t

Slack CEO Denise Dresser is speaking at TechCrunch Disrupt 2024.

Slack CEO Denise Dresser is coming to TechCrunch Disrupt this October

Apple kicked off its weeklong Worldwide Developers Conference (WWDC 2024) event today with the customary keynote at 1 p.m. ET/10 a.m. PT. The presentation focused on the company’s software offerings…

Watch the Apple Intelligence reveal, and the rest of WWDC 2024 right here

Apple’s SDKs (software development kits) have been updated with a variety of new APIs and frameworks.

Apple brings its GenAI ‘Apple Intelligence’ to developers, will let Siri control apps

Older iPhones or iPhone 15 users won’t be able to use these features.

Apple Intelligence features will be available on iPhone 15 Pro and devices with M1 or newer chips

Soon, Siri will be able to tap ChatGPT for “expertise” where it might be helpful, Apple says.

Apple brings ChatGPT to its apps, including Siri

Apple Intelligence will have an understanding of who you’re talking with in a messaging conversation.

Apple debuts AI-generated … Bitmoji

To use InSight, Apple TV+ subscribers can swipe down on their remote to bring up a display with actor names and character information in real time.

Apple TV+ introduces InSight, a new feature similar to Amazon’s X-Ray, at WWDC 2024

Siri is now more natural, more relevant and more personal — and it has new look.

Apple gives Siri an AI makeover

The company has been pushing the feature as integral to all of its various operating system offerings, including iOS, macOS and the latest, VisionOS.

Apple Intelligence is the company’s new generative AI offering