{"id":5100,"date":"2017-05-02T09:06:45","date_gmt":"2017-05-02T09:06:45","guid":{"rendered":"https:\/\/www.rsoftsolution.com\/blog\/bitfusion-raises-5m-for-its-ai-lifecycle-management-platform.html"},"modified":"2017-05-02T09:06:45","modified_gmt":"2017-05-02T09:06:45","slug":"bitfusion-raises-5m-for-its-ai-lifecycle-management-platform","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/bitfusion-raises-5m-for-its-ai-lifecycle-management-platform.html","title":{"rendered":"Bitfusion raises $5M for its AI lifecycle management platform"},"content":{"rendered":"


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When Bitfusion launched<\/a> 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\u00a0training deep learning models, something that was barely on the radar when the company launched. Unsurprisingly, though, that\u2019s exactly what Bitfusion is focusing on now.<\/p>\n

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.<\/p>\n

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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 them from development to training, testing and \u2014 eventually \u2014 deployment. Under the hood, Flex uses containers to make scaling and moving experiments and models between local machines and the cloud easy, but it also supports deployments on bare metal, too.<\/p>\n

It\u2019s important to note that Flex\u2019s focus isn\u2019t\u00a0necessarily on making the modelling easier. While it does offer an app store-like experience for setting up your framework of choice (no matter whether that\u2019s TensorFlow, Torch, Caffe or similar tools), its strength is in managing the infrastructure you need to build and run these applications. Because of this, it neither cares about the framework, nor where you want to deploy the application.<\/p>\n

The service offers both a web-based interface to manage this process as well as a command-line interface that, for example, lets you attach remote GPUs to your local laptop during the development phase.<\/p>\n

\u201cA lot of people who start deep learning projects can\u2019t take them beyond the prototype phase,\u201d Bitfusion CEO and co-founder Subbu Rama told me. \u201cEverybody wants to do deep learning everywhere, but the Global 2000 \u2014 they don\u2019t have enough people.\u201d So with Flex, Bitfusion\u00a0wants to\u00a0abstract the tedious work of managing infrastructure away so that the data scientists that companies do eventually manage to hire can focus on their applications.<\/p>\n

Looking ahead, Bitfusion plans to expand Flex and bring it out of beta in the next few months. The Austin-based company also plans to expand its Silicon Valley presence (though Rama noted that most of the RD work will still happen in Austin).<\/p>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/NltihxDbfSk\/<\/p>","protected":false},"excerpt":{"rendered":"

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 <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-5100","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t