Singapore AI startup Acrab raises $130 million to scale edge AI

Acrab expanded its Series B round to expand its platform for running AI on local hardware.

Reported45 sec read

Aug 6: Singapore AI startup Acrab raises $130 million to scale edge AI

Photo: Mika Baumeister · Unsplash

What happened

Singapore-based AI startup Acrab raised an additional $130 million in Series B funding. The new round follows an earlier $350 million funding effort. The company plans to use the money to scale its edge AI platform. Edge AI runs machine learning models directly on devices rather than remote cloud servers.

The context

Demand for edge AI is growing as businesses look to cut latency, save on cloud fees, and keep data on local hardware.

Sources

TNGlobal ↗ via Google News Reported

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