The seed round is led by Earlybird’s Digital East Fund and joined by Acequia Capital, Serbian Entrepreneurs, and Eric Ries.
Novi Sad, Serbia – April 13, 2021 – Anari AI, an AI chip factory in the cloud, today announced it has raised $2 million in seed funding led by Earlybird, with participation from Acequia Capital, Serbian Entrepreneurs, and Eric Ries, author and founder of The Lean Startup. The new funding will be used to continue developing the platform and bring it to market.
Anari’s platform makes it possible to design personalized AI chips in the cloud with just one click. With this approach, companies are able to build and deploy AI solutions in weeks instead of 12-18 months, and at a fraction of the cost of traditional hardware development.
“AI continues to be growing in size and complexity, and this rate of growth is outpacing standard CPU and GPU performance gains,” said Roland Manger, co-founder, and Partner at Earlybird. “Dedicated designs or flexible architectures are expensive, time-consuming, and require hardware skills (in short: take lots of effort). Anari is a game-changer in two ways: it removes the trade-off between performance and effort, and it makes AI-problem-specific chip solutions available instantaneously in the cloud. I am excited about this huge potential.”
The platform is built on a unique Python-based programming framework—developed by Anari for chip design—that opens up new possibilities for hardware engineers and turns software engineers into hardware designers. The first configurable AI cloud chip from Anari is Thor X, which delivers 100x more efficient processing of 3D Point Cloud/Graph data structures compared to a high-end GPU.
Anari’s team consists of Ph.D. researchers, machine learning experts, and senior software engineers. The team is led by Jovan Stojanovic (co-founder and CEO), Stefan Sredojevic (co-founder and COO), and Bogdan Vukobratovic (co-founder and Head of R&D). Jovan is the founder of the Wonderland AI community that includes more than 30,000 AI experts and enthusiasts from all over the world. The yearly Wonderland AI Summit gathers C-level speakers and attendees from the world’s leading AI companies like NVIDIA, Airbus, HP, IBM, Mercedes, etc.
“You no longer have to tune your model to the computing infrastructure that’s available and designed for broad and generic use cases,” said Sasha Ostojic, ex-VP at NVIDIA, ex-SVP at Cruise Automation, Advisor at Samsung Electronics and Zoox, and Operating Partner at Playground Global.“ Anari’s cloud chip technology is the future of cloud computing.”
Roland Manger and Sasha Ostojic will be joining Anari’s Board of Directors. Advisors to the company include Christoph Auer-Welsbach (former Partner at IBM Ventures, Founder of CITY AI, and CEO of Kaizo) and Dejan Markovic (co-founder of Flex Logix and Professor at UCLA).
“With AI model complexity doubling every three and a half months, the current way of building the AI infrastructure is not sustainable,” said Jovan Stojanovic, co-founder, and CEO of Anari AI. “We believe that every company deserves to have a personalized chip for their AI in just one click. We’re supporting the rapid progress of AI in ways that haven’t been possible until now. With experienced investors like Earlybird on our side, we’re ready to rebuild the AI hardware industry from scratch.”
About Anari AI
Anari AI is rebuilding the AI hardware industry from scratch by delivering a new way of designing and using AI chips through programming in the cloud. The Anari platform for cloud chips can be used by companies across industries such as gaming, automotive, and biotechnology to personalize their AI infrastructure with just one click. The company is based in Serbia and has an office in San Francisco. The global team includes advisors with experience from NVIDIA, CERN, IBM, UC Berkeley, and UCLA.
For more information, visit https://www.anari.ai.
About Earlybird VC
Earlybird is a venture capital investor focused on European technology companies. Founded in 1997, Earlybird invests in all growth and development phases of a company. Amongst the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources, but also strategic and operational support as well as access to an international network and capital markets.
Earlybird Venture Capital has grown to three autonomous, dedicated and specialized teams, focusing on digital technologies in Eastern and Western Europe as well as health technologies. Among them, the Digital East Fund is focused on early stage ICT investment opportunities in Eastern Europe and Turkey, being the leading tech VC in this region. With EUR 1.5 billion under management, seven IPOs and 30 trade sales, Earlybird is one of the most successful venture capital firms in Europe. Discover more at www.earlybird.com.
The seed round is led by Earlybird’s Digital East Fund and joined by Acequia Capital, Serbian Entrepreneurs, and Eric Ries. Novi Sad, Serbia - April 13, 2021 - Anari AI, an AI chip factory in the cloud, today announced it has raised $2 million in seed funding led by Earlybird, with participation from Acequia Capital, Serbian Entrepreneurs, and Eric Ries, author and founder of The Lean Startup. The new funding will be used to continue developing the platform and bring it
Artificial intelligence can help with more than just security. The power and promise of AI for small businesses keeps growing, and many of them can look towards artificial intelligence for inspiration and solutions to the most common problems they have. Artificial intelligence is already a part of your everyday lives, from social media feeds, song and movie recommendations, driving directions, and even the voice on your phone assistant are all examples of how artificial intelligence already has a role in
Artificial general intelligence (AGI) is a machine’s hypothetical intelligence that can have the capacity to learn and understand any task that a human being would be able to do. An AGI machine would be able to understand the world like a human does, with the same scope and ability to learn how to carry out a wide range of tasks. Because of its potential, AGI has been also referred to as general intelligent action, full AI, and strong AI. Today’s artificial
AI has been driving innovation, empowering change, and creating exciting possibilities for exploring. AI allows organizations and companies to make big decisions and bold steps based on data-driven insights. Dell is forging a new path towards the future with their solutions that were designed to support AI’s rapid development. By combining software, hardware, and tools, Dell Technologies is developing AI solutions for their computers and providing everything that is needed for a new generation of products and ideas. All you have
Accelerators have been helping startups for years, regardless of the idea or field. As such, AI accelerators have been focused on helping startups develop their artificial intelligence software, hardware, or other projects. But what do they exactly do for one startup? What Is a Startup Accelerator? What are accelerators? Startup accelerators are organizations that want to help startups succeed with their idea by providing them with advice, resources, and mentorship. They also offer financial support, but their main focus for startups in
This is a guest post written by Prof. Dr. Vladimir Matic, Strahinja Zivkovic and Strahinja Stefanovic from dataHacker.rs blog. What is OpenCV? OpenCV is the most popular library that is used for image processing in Python. It is used to detect and recognize faces, identify objects, classify human actions in videos, track movement with camera and many others. The goal of this post is to sprint you through the fundamentals of digital image processing using OpenCV in Python. So, let's start our
Convolutional Neural Networks are probably the reason why the fields of machine learning, deep learning and AI are so popular today. They are awesome and what they are doing certainly seemed like a black magic a couple of years ago. At its core, we can find the convolution process. This process is used for making detecting features of the images and uses this information for classification. To be more precise, here is how the complete process of Convolutional Neural Networks
14th of April was an important date for the Balkan AI community. For the first time, representatives of 8 cities of this region (including Ljubljana) gathered at a Balkan AI webinar to discuss How AI will help the world's recovery after the pandemic of Coronavirus? More than 150 people attended the event which was organized by the CITY AI branch in the Balkans and Serbian AI Society. All the challenges that pandemic faced us were analyzed from an AI perspective, through
Have you ever wondered what society would look like if we could predict diseases or natural disasters? How many people really need help that can not be given only by humans? Artificial intelligence can help - it has the huge potential to prevent big social, environmental and humanitarian problems. In order to achieve this potential, it has to be accessible to organizations that are already influential in these areas! Among many uses of AI, we have highlighted the best cases that show
#StayHome is probably the most popular hashtag you’ll see on social media these days. As social distancing becomes common practise because of the COVID-19, we found some great ways to make the leisure time fun and useful! Do you want to learn more about what AI really means? Due to the fact that AI is one of the biggest human’s support in fighting against the Coronavirus, we are sure that you would love to learn more about how AI really works and