Lightelligence has announced it has received seed funding of about $10 million in a funding round led by Baidu Ventures and a group of US semiconductor executives. Baidu is the leading Chinese internet services company.
Lightelligence is developing nanophotonics to accelerate artificial neural networks, particularly recurrent neural networks, with the advantages of ultra low latency, high throughput and high power efficiency.
Lightelligence is licensing its technology on an exclusive basis from MIT Technology Licensing Office. The patents outline the foundation of the technology and cover the fundamental principal, component design, system design and algorithms.
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