55.000 projects, 30.000 developers, $54M funding, and customers, including the likes of NASA, in a bit over 2 years. Edge Impulse is riding the wave of machine learning at the edge

Jan Jongboom’s dream, in his own words, was to have devices that really understand what is happening around them. That was ten years ago, but it wasn’t until 2019 that he started really acting upon it. That was when Jongboom and Zach Shelby founded Edge Impulse with a mission to enable developers to create the next generation of intelligent devices.

Today Edge Impulse is announcing $34 million in Series B funding led by Coatue, tripling its 2022 market valuation and growth forecast. Coatue joins existing investors, Canaan Partners, Acrew Capital, Fika Ventures, Momenta Ventures, and Knollwood Investment Advisory to cap off what the team dubs “an incredible year”.

Since its launch in 2019, nearly 30,000 developers from thousands of enterprises have created nearly 55,000 custom machine learning projects using Edge Impulse, building smarter industrial, logistics, consumer and health solutions with customers including Oura, Polycom, Advantech and NASA. Its developer base has increased by 4x, with annual recurring revenue growing by 3x in the last year.

All that sounds rather impressive and a testament to Gartner’s prediction that “by 2027, machine learning in the form of deep learning will be included in over 65% of edge use cases, up from less than 10% in 2021”. We caught up with Jongboom to learn more about Edge Impulse.

Read the full article on ZDNet