# Deeplite

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deeplite

- Industry: Software
- Headquarters: Montreal, Canada
- Website: www.deeplite.ai
- Total disclosed funding: $4.9M
- Latest round: Seed (Apr 13, 2021)
- Investors on record: 6

## About

Based in Montreal, Canada and founded in 2018, Deeplite specializes in optimizing AI models for edge computing, enhancing the deployment of AI applications across various industries.Deeplite, Inc. is focused on developing AI model optimization techniques for edge devices. The company was founded in 2018 in Montreal, Canada, by Ehsan Saboori. In its most recent funding round in April 2021, Deeplite raised CAD 6 million in Seed funding led by PJC, with contributions from BDC Capital, Desjardins Capital, Differential Ventures, Innospark Ventures, and Somel Investments. The total amount raised by the company is CAD 6 million.Deeplite specializes in providing optimized AI models specifically designed for edge computing applications. Their core offerings include a suite of advanced model optimization techniques, quantization, and compression, aimed at enhancing the performance of AI applications deployed on edge devices. These solutions enable efficient and rapid deployment of state-of-the-art AI models, tailored to work seamlessly with various AI processors. The company targets semiconductor companies and end-users seeking to accelerate the adoption of neural processing units (NPUs) for real-time applications such as object detection and segmentation. Deeplite's products are utilized in multiple geographical markets, including North America, Europe, and Asia, focusing on industries that require high-performance AI solutions for edge environments.Deeplite generates revenue through a combination of partnerships and direct service offerings focused on model optimization and deployment. The company collaborates with semiconductor firms to create bespoke model zoos, which are collections of pre-optimized models designed for specific processors. Revenue is derived from service agreements and subscription models where clients pay for ongoing access to Deeplite's proprietary software and support. Transactions may include fees associated with the deployment of training and post-processing recipes that assist clients in fine-tuning their AI models for particular applications. The pricing structure for these services is based on the complexity and customization required for each project, ensuring that clients receive tailored solutions that meet their operational needs.In April 2021, Deeplite, Inc. raised CAD 6 million in Seed funding, which will be used for expanding its team, accelerating market expansion for its software, and enhancing research and development efforts. The company intends to design and launch new products focused on model optimization for edge applications, although specific release dates have not been disclosed. Deeplite aims to expand its market presence in North America, Europe, and Asia, targeting industries that demand efficient AI solutions by the end of 2022.

## Funding rounds

- Seed, Apr 13, 2021, $4.9M — BDC Capital, PJC, Desjardins Capital, Somel Investments, Differential Ventures, Innospark Ventures

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- PJC (https://capitalatlas.ai/funds/pjc) — Seed
- Desjardins Capital (https://capitalatlas.ai/funds/desjardins-capital) — Seed
- Somel Investments (https://capitalatlas.ai/funds/somel-investments) — Seed
- Differential Ventures (https://capitalatlas.ai/funds/differential-ventures) — Seed
- Innospark Ventures (https://capitalatlas.ai/funds/innospark-ventures) — Seed