Company Overview
Snapshot
Founded in September 2014 by Nadav Israel and Ofri Ben Porat, Edgify operates with 11–50 employees. The company has raised $18.13 million across 6 funding rounds from 10 investors. In October 2020, Edgify secured seed funding from Mangrove Capital Partners and Octopus Ventures.
Business overview
Edgify develops solutions for training deep-learning and machine-learning models directly on edge devices, eliminating the need for cloud data transfer while maintaining high accuracy. Its technology enables connected devices to interpret local data, train AI models, and share learning across networks of similar devices. This framework supports various AI applications, including computer vision, natural language processing, and voice recognition, across devices like MRI machines, connected cars, and mobile devices. Edgify serves markets that require on-device AI processing, such as retail, healthcare, and automotive, operating within the Business Software sector, specifically focusing on IT, R&D & Data Solutions and Data Architecture.
Strategic signal
In December 2020, Edgify's founder discussed the company's strategic pivot from its previous identity, Pixoneye, to focus on deeptech. This pivot involved significant operational changes, including workforce optimization and the closure of a UK office, signaling a decisive shift towards its current edge AI model-training platform. This move indicates a commitment to a specialized, high-growth area within AI, aiming to capitalize on the increasing demand for on-device processing and data privacy.
Log in to access full profile ›Company Intelligence Q&A
- What is Edgify's core technology?
- Edgify's core technology allows companies to train deep-learning and machine-learning models directly on edge devices, enabling local data processing and collaborative AI model development without relying on cloud infrastructure.
- When did Edgify secure its most recent disclosed funding round?
- In October 2020, Edgify secured seed funding from Mangrove Capital Partners and Octopus Ventures.
- What was a significant strategic shift for the company?
- In December 2020, Edgify's founder discussed the company's pivot from its former identity, Pixoneye, to focus on developing its deeptech edge AI product, which involved significant restructuring and workforce adjustments.
- How does Edgify ensure data privacy and accuracy?
- Edgify's framework trains AI models directly on edge devices using locally generated data, which mitigates the need for sensitive data transfer to the cloud, ensuring data privacy and achieving an average accuracy of 99.98%.
- Who are the founders of Edgify?
- Edgify was co-founded by Nadav Israel and Ofri Ben Porat.