Lightelligence Raises $10 Million
MIT spin-off get seed found financing for PIC-based neural network computing
Lightelligence, an MIT-spinoff company working on photonics-based AI hardware, has announcing seed round financing around $10M, backed by VC investors and leading industry technologists.
The company has developed what it believes is the world's first realisation of deep learning neural network computing in a photonic integrated circuit. The technology was first published in Nature Photonics mid-2017 as a cover story, followed by a series of research articles about novel neuron network algorithms inspired by this hardware innovation.
Lightelligence is developing nano-photonics based technology to accelerate artificial intelligence computation and more broadly information processing by leveraging the power of light "“ namely, ultra low latency, high throughput and extremely high power efficiency.
The technology was developed at MIT after years of research in nanophotonics, deep learning and optical computing.
Lightelligence will license the technology exclusively from MIT Technology Licensing Office. The patents were filed when the founding team worked as researchers at MIT. The patents outline the foundation of the technology and cover the fundamental principal, component design, system design and algorithms.