Let the OSS Enterprise newsletter guide your open source journey! Sign up here.

Neural Magic, which provides software to facilitate deep learning deployment in edge locations, today announced a $30 million series A funding round.

The market for edge AI is exploding as more companies deploy the technology in a variety of applications across industries — including in areas like asset maintenance and monitoring, factory automation, and telehealth. The market is expected to be worth $1.83 billion by 2,026 according to a report by Markets and Markets.