Deeplite offers a platform, Neutrino, that transforms trained deep neural networks into highly compressed models tailored for constrained hardware so they can run on devices like cell phones, drones or Raspberry Pi. The product lets customers specify deployment targets and compression levels, trading small amounts of accuracy for large reductions in model size (examples cited include shrinking 200 MB to 11 MB and 50 MB to 100 KB). The company positions its software to reduce compute, memory and battery requirements for edge AI deployments. Deeplite launched officially in mid-2019 with roots in the TandemLaunch incubator and is based in Montreal. It has 15 employees and plans to double headcount by the end of the year, with hubs planned in Montreal and Toronto and flexible remote work options. The company recently closed a $6M seed investment to support product and team growth.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2021