Edge Impulse, a TNW community member that produces an AI platform for developers, has been acquired by American chip giant Qualcomm for an undisclosed sum.\u00a0<\/span><\/p>\n Qualcomm said it had bought Edge Impulse to boost its machine learning software capabilities, particularly for its Dragonwing line of AI-powered chips.\u00a0<\/span><\/p>\n Nakul Duggal, Qualcomm\u2019s head of IoT, said the acquisition would strengthen his firm\u2019s \u201cleadership in AI\u201d and bolster\u00a0\u201ccritical sectors such as retail, security, energy and utilities, supply chain management, and asset management.\u201d<\/span><\/p>\n Under the deal, Edge Impulse will integrate its operations with Qualcomm\u2019s, but maintain its own offices, employees, and website.\u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n TNW Conference – The 2025 Agenda has just touched down<\/p>\n Discover the insightful and dare we say controversial sessions that will take place June 19-20.<\/p>\n<\/div>\n<\/div>\n \u201cOur team and mission remain the same, only now, we will have even more opportunities and capabilities to accelerate what we do best,\u201d <\/span>said Zach Shelby, Edge Impulse\u2019s<\/span> co-founder and CEO.\u00a0<\/span><\/p>\n Shelby, an engineer and entrepreneur from Finland, founded Edge Impulse in 2019 alongside Dutchman Jan Jongboom. The pair met while working on IoT systems at British chip firm Arm.\u00a0<\/span><\/p>\n At Edge Impulse, Shelby and Jongboom built a platform the slashes\u00a0the time it takes to create machine learning models for small devices such as sensors, microcontrollers, and cameras.<\/p>\n Shelby said the team had identified a big gap in the market.<\/span><\/p>\n \u201c<\/span>Recognising that the compute capabilities of microcontrollers had grown to the point where they were able to run domain-specific AI models directly onboard, we realised there were an endless number of use cases that would benefit from moving AI from the cloud to the edge,\u201d <\/span>he wrote in a <\/span>blog post<\/span><\/a>.<\/span><\/p>\n Edge Impulse has raised <\/span>$54.3mn to date. In 2021, the company bagged $34mn in Series<\/a>\u00a0B funding at a valuation of $234mn. Two years later, it <\/span>reported<\/span><\/a> revenues of $14.7mn. Its platform is currently<\/span> used by over 170,000 developers to create, deploy, and monitor AI models on the edge.<\/span><\/p>\n Shelby credited the platform\u2019s popularity to helping developers\u00a0eliminate laborious and manual tasks when setting up AI in edge devices.\u00a0<\/span><\/p>\n \u201cEdge Impulse\u00a0gives developers a tool that automates data collection, simplifies model training, provides advanced optimisation tools, and offers one-click deployment to many types of hardware, from MCUs to CPUs, GPUs, and NPUs,\u201d he said.\u00a0<\/span><\/p>\n \u201cThe Next in Tech\u201d is one of three key theme<\/a>s at\u00a0<\/span><\/i>TNW Conference<\/span><\/i>, which takes place on June 19-20 in Amsterdam. Tickets for the event are<\/span><\/i>\u00a0<\/span>now on sale<\/span><\/i>. To get 30% off, use the code TNWXMEDIA<\/a>2025 at the check-out.<\/span><\/i><\/p>\n<\/div>\n<\/div>\n<\/div><\/div>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more like this article, you can visit our Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n
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