XNOR is making AI highly efficient by allowing deep learning models to run directly on phones, IoT devices and microprocessors. Unlike traditional AI that runs in massive data centres and requires network connectivity, XNOR’s technology enables AI experiences that are up to 10x faster, 200% more power efficient, and use 15x less memory.
HOW THEY’RE DISRUPTING
Developers and device manufacturers can now power drones to capture a bird’s eye view of immense fields, pin-pointing failing crops and recommending optimum harvest time with no need for Internet connectivity. Gamers can now create interactive, immersive worlds that can run on basic cell phones. And smartwatches can deliver real time health notifications without being connected to the Internet.
AI business value is estimated to reach $3.9 trillion by 2022.
INVESTMENTS AND FUTURE
The company has raised $14.6 million in funding. Their most recent round, May 2018’s Series A, raised $12m and was led by Madrona Venture Group. XNOR’s mission is to remove barriers that prevent the widespread use of AI in everyday devices.