Momenta Invests in Edge Impulse, Bringing Intelligence To The Edge
Momenta Ventures invests in Edge Impulse, the leading platform for developing intelligent devices using embedded machine learning
Founded by Zach Shelby and Jan Jongboom, Edge Impulse has become the standard for edge-intelligence using machine learning with already 2,700 projects created on its easy-to-use and extensible platform since January. Edge Impulse is well-positioned to become a leader in edge intelligence, leveraging the convergence of low-cost, high-performance microprocessors and low-power, wide area networks such as LoRaWAN, to create intelligent, extremely low-power and wireless devices.
Today, almost 99% of sensor data goes unused given the cost to transmit this back to applications. Edge Impulse solutions leverage all sensor data by reading and processing these at the edge, making intelligent decisions and transmitting back outcomes and actions. To read more see Zach’s blog on Embedded ML for All Developers.
Zach Shelby writes “Machine learning for edge devices is already beginning to enable huge value for companies working with sensor data. Together with Momenta Ventures we aim to make this part of digital transformation across all industrial and commercial applications.”
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Soon after their platform launch in January, Edge Impulse announced partnerships with hardware providers Eta Compute, Arduino and ST Microelectronics, making it even easier to develop applications using the most popular hardware on the market.
Ken Forster, Executive Director of Momenta Ventures notes: “Edge Impulse is accelerating and expanding the use of embedded intelligence, a catalyst for Digital Industry, creating highly-distributed, edge solutions in our core industries of Energy, Manufacturing, Smart Spaces and Supply Chain”.
This investment is the fifth out of Momenta Ventures’ second fund, the Edge Ecosystem Fund, intended to accelerate innovative industry solutions powered by Low Power Wide Area Networks with a focus on open standards and ecosystems such as LoRaWAN. Investors of this fund are strategic stakeholders in the LPWAN ecosystem.