Houston-based ThirdAI, a company building tools to speed up deep learning technology without the need for specialized hardware like graphics processing units, brought in $6 million in seed funding. Neotribe Ventures, Cervin Ventures, and Firebolt Ventures co-led the investment.
This funding round will be used to hire additional employees and invest in computing resources.
Company: ThirdAI Corp
Raised: $6.0M
Round: Seed Round
Funding Month: August 2021
Lead Investors: Neotribe Ventures
Additional Investors: Cervin Ventures and Firebolt Ventures
Company Website: https://www.thirdai.com/
Software Category: Deep Learning>AI
About the Company: ThirdAI accelerator builds hash-based processing algorithms for training and inference with neural networks. The technology is a result of 10 years of innovation in finding efficient (beyond tensor) mathematics for deep learning. Our algorithmic innovation has demonstrated how we can make Commodity x86 CPUs 15x or faster than most potent NVIDIA GPUs for training large neural networks. The demonstration has shaken the common knowledge prevailing in the AI community that specialized processors like GPUs are significantly superior to CPUs for training neural networks.
Source: https://techcrunch.com/2021/08/13/thirdai-raises-6m-to-democratize-ai-to-any-hardware/