When Bitfusion launched at Disrupt NY 2015, its focus was on helping developers speed up their applications by giving them pre-compiled libraries that made better use of GPUs, FPGAs and other co-processing technologies. That was two years ago. Today, the hottest market for these technologies is in training deep learning models, something that was barely on the radar when the company launched. Unsurprisingly, though, that’s exactly what Bitfusion is focusing on now.
As the company announced today, it has raised a $5 million Series A round led by Vanedge Capital, with participation from new investor Sierra Ventures and existing investors Data Collective, Resonant VC and Geekdom. The company plans to invest this money into strengthening its research and development efforts and to focus on Bitfusion Flex, its new framework-agnostic platform for building and managing AI projects.
Now in beta, Bitfusion Flex essentially aims to give developers a single platform for managing the life cycle of an AI application. Developers get a single dashboard that takes…