XNOR.ai raises $12 million

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XNOR.ai, a startup company independent from the research institute AI2, announced today that it has completed a $12 million Series A financing.

XNOR's technology enables AI technologies such as computer vision and speech recognition to run on devices with limited processing power and memory, such as the Raspberry Pi Zero.

In other words, XNOR is trying to make AI computing happen on edge devices instead of sending data back to the cloud for processing. Later XNOR will release its own products one after another.

However, the company also said it would not enter the field of autonomous driving.

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