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Taiwanese startup InfuseAI close $4.3M in Series A round, aims to supercharge AI workflow for every business
InfuseAI, founded by two tech veterans g0v co-founder Chia Liang Kao and KKTIX co-founder Liang-Bin Hsueh, is a one-stop MLOps platform that can skyrocket the efficiency of doing AI projects.
According to the research report "Enterprise AI Trend To Watch in 2021" published by CB Insights, AI companies raised a record $33B in equity funding in 2020. As a variety of AI commercial applications are getting more and more mature, lots of companies want to transform to AI-first companies.
Taiwan is also getting on this AI train.
Venture capital firm Hive Venture published the "2021 Taiwan AI Trend Report" which demonstrated Taiwan is a rising star in AI. More than 80% of the companies have tried to introduce AI into their business, and a quarter of the companies have been not only actively applying but also expanding the use of AI.
Breeding from Taiwan AI Academy
Actually, Taiwan had purposely trained lots of AI specialists as early as 2017. In 2017, James Liao, president of Academia Sinica, which is the national academy of Taiwan, had collaborated with several dozen researchers from Academia Sinica as well as Harvard University computer scientist Hsiang-Tsung Kung, to establish Taiwan AI Academy.
The idea of establishing an AI Academy got supported by many Taiwan tech conglomerates including MediaTek, AUO group, and Inventec group. Before AI Academy officially launched, there were already lots of companies waiting to send their employees as students to the school.
But establishing a school is not easy, especially for an AI school. The Academy needs a high-efficiency training platform and the platform needs to let hundreds of students perform deep learning computing simultaneously, and most importantly, it needs to be easy to use, to let students practice AI skills and do hands-on projects. After thoughtful deliberation, the Academy decided to ask IT expert Chia Liang Kao for help, who is known as the co-founder of g0v, a top global civic tech community from Taiwan.
Chia Liang Kao quickly built a platform not only to meet the AI Academy's needs but also to integrate machine learning, development, and operations together. The platform can let development teams and operation teams collaborate smoothly. For students who want to be data scientists, the platform relieves them from setting up the AI infrastructure, so they can focus on analyzing data and design algorithms. This idea was later called MLOps (Machine Learning Operations).
PrimeHub, a one-stop MLOps platform, let AI teams perform perfect teamwork
Foreseeing that when enterprises adopt AI solutions, they would also need this kind of platform, Chia Liang Kao teamed up with the Co-founder of KKTIX Liang-Bin Hsueh, to establish InfuseAI.
According to the research report published by Deloitte, the report presents that MLOps can help accelerate the entire model life cycle process, and it also cites data estimates from research firm Cognilytica that MLOps market size is expected to expand to nearly US$4 billion by 2025. During the past year and a half, there are over ten cases of fundraising or merger and acquisition that involved MLOps companies, including InfuseAI, which raised A round funding recently. All signs indicate that MLOps is clearly a growing technology.
InfuseAI's MLOps platform, PrimeHub, is a one-stop AI platform that data teams and IT teams can work closely together on. The platform uses Kubernetes and containers to quickly build and manage different AI environments. The platform not only supports mainstream deep learning frameworks including TensorFlow, PyTorch, and Caffee, it also provides Identity and Access Management functions as well as resource management functions.
As soon as InfuseAI launched PrimeHub in 2018, Taiwan AI Academy became the first customer, and Taiwan AI Academy has leveraged PrimeHub to train over 6000 students. As of today, InfuseAI has signed ten customers from top-tier banks, manufacturers, medical companies, and research institutes, including E.SUN Commercial Bank, Academica Sinica, and CHIMEI corporation.
InfuseAI has raised a USD$ 4.3M Series A, led by electronics manufacturer Wistron Corporation, with participation from Hive Ventures, Top Taiwan Venture Capital Group, Silicon Valley Taiwan Investments, and 500 Global.
"With the new funding, InfuseAI will start to expand to the overseas market, and we have teamed up with some system integration companies to work on that," said Liang Bin Hsueh.
Besides new funding, InfuseAI vigorously embraces open source software as another advantage for them to go to the global market. Anyone interested in PrimeHub can just try it, users only pay when they want to upgrade to the enterprise version. This let InfuseAI approach potential users quickly.
"Last week, a German research institute tried PrimeHub community version and showed interest in our enterprise version. This case let me affirm that we are on the right track," said Liang-Bin Hsueh.
With the successful cases and strong team members, InfuseAI has attracted former Google Taiwan general manager, doctor Lee-Feng Chien, to be an adviser. "I believe PrimeHub can help the different industries unleash the power of AI, and I hope I can help InfuseAI successfully set foot in the global market," said doctor Lee-Feng Chien.
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