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Oct 5, 2021

Neural Magic, which offers software for growing edge AI market, gets $30M boost

Posted by in category: robotics/AI

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Neural Magic, which provides software to facilitate deep learning deployment in edge locations, today announced a $30 million series A funding round.

The market for edge AI is exploding as more companies deploy the technology in a variety of applications across industries — including in areas like asset maintenance and monitoring, factory automation, and telehealth. The market is expected to be worth $1.83 billion by 2,026 according to a report by Markets and Markets.

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