Edgify

Edgify Overview

Edgify has developed a solution that allows companies to train complete deep-learning and machine-learning models directly on their own edge devices, mitigating the need for any data transfer to the cloud while also providing near-perfect accuracy every time, without the need to retrain on a server or the cloud. Edgifys technology enables any connected device to interpret vast amounts of data generated at the edge, train a complete AI model locally, and share that learning across an entire network of similar devices, thereby training them all to identify unique aspects of a given object for use in computer vision, natural language processing, voice recognition, and any other form of artificial intelligence. Its framework can train artificial intelligence on a network of edge devices including MRI machines, connected cars, checkout lanes, mobile devices, and anything that has a CPU, GPU, or NPU. Due to the continuous and distributed learning at the edge on data generated locally, the accuracy of an AI model trained on an Edgify Framework is averaged at 99.98% and never decreases. This helps to reduce the risks, costs, and time associated with transferring sensitive data to or from an external server and effectively eliminates the need for a cloud-based learning infrastructure.

Cumulative Funding Raised Over Time ($)

Latest News

Jun 10, 2022 · www.uktech.news

Edgify CEO on channelling musical theatre to run an AI startup

Jan 3, 2021 · www.calcalistech.com

growth-positive

Child's Play? Edgify's new kid's book educates about themes of AI collaboration

Israel-based Edgify has authored a children’s book titled Edgify - A New School of Thinking in AI Training to help kids and investors understand its edge computing AI technology. The book follows Goldie the fish and her friends as they use federated learning to collaborate and cross the ocean to a coral paradise. Edgify develops a distributed and collaborative framework that allows AI training directly on edge devices, bypassing the need for a centralized cloud. The company recently secured $6.5 million in seed funding to further develop its technology. The book aims to change the mindset around cloud computing and promote the idea of distributed and collaborative learning.

InvestmentExpand

Dec 16, 2020 · sifted.eu

growth-negative

How to handle a pivot

The article discusses the experience of the founder of Pixoneye, a tech company that decided to pivot and develop a new deeptech product called Edgify. The pivot resulted in the company having to lay off half of its employees and shut down its UK office. The founder emphasizes the importance of handling the remaining team with care and making fair decisions. The article also highlights the need to only keep onboard people crucial to the pivot and to keep the pivot out of the press to control the message. The founder shares the experience of doing a downround and advises focusing on the companys story. The article concludes with the importance of securing sufficient budget and shareholder support for the post-pivot company.

LayoffsExpand

Oct 12, 2020 · www.privateequitywire.co.uk

https://www.privateequitywire.co.uk/2020/10/12/290719/edgify-secures-usd65m-seed-funding-octopus-ventures-mangrove-capital-partners

May 27, 2018 · www.telegraph.co.uk

growth-positive

Pixoneye gets £6m funding to improve phone snaps analysis

Pixoneye, a start-up that uses AI to analyze personal pictures on smartphones and provide insights to retailers, has raised £6m in funding from Octopus Ventures. The funding will be used to improve the companys AI technology and predict users upcoming life events. Pixoneye aims to offer better targeting for retailers without compromising user privacy and security. The companys existing backers include Santander and Telefonica. The funding will also be used to enhance the accuracy of Pixoneyes dataset. The investment is seen as a positive growth opportunity for Pixoneye.

Investment

Funding

Team Members

5

Employees: 11-50

Web & Social Links

Locations

Derech Menachem Begin 11, Ramat Gan, Israel

138 High Holborn, London WC1V 7PX, UK

Photos & Videos

3 item(s)

Edgify Internal

Recent Updates

No update log entries.

Note: Free-text notes visible in the original Finder "Internal" tab are not present in the imported profile data. Only the update audit log is available.

Admin Info