CoCoPIE, a startup developing a platform to optimize AI models for edge devices, announced that it raised $6 million in a Series A funding round led by Sequoia Capital China.
CoCoPIE will use the funds to expand its customer base and invest in research and development.
Company: CoCoPIE
Raised: $6.0M
Round: Series A
Funding Month: August 2021
Lead Investors: Sequoia Capital China
Additional Investors:
Company Website: https://www.cocopie.ai/
Software Category: AI optimization platform
About the Company: CoCoPIE is the leading software that enables real-time AI for off-the-shelf mobile devices through proprietary DL compression-compilation co-design. CoCoPIE reduces the expected time to market to meet if not exceed demand for applications. Based in Boston, MA, CoCoPIE's team consists of the world's leading professors and AI researchers who identified a need to optimize the delivery of DL technologies on end devices.
Source: https://www.prnewswire.com/news-releases/cocopie-secures-series-a-funding-investment-in-real-time-ai-solutions-for-next-gen-results-301363241.html
https://venturebeat.com/2021/08/26/cocopie-which-optimizes-ai-for-edge-devices-raises-6m/