About Deeplite
Deeplite is a company based in Montreal (Canada) founded in 2018 by Ehsan Saboori and Davis Sawyer was acquired by STMicroelectronics in April 2025.. Deeplite has raised $6 million across 1 funding round from investors including STMicroelectronics, Desjardins and Smart Modular Technologies. Deeplite offers products and services including Deeplite Studio, Models-as-a-Service, and YOLO-D. Deeplite operates in a competitive market with competitors including Kolena, Distributional, Openlayer, Autonomize and Anima, among others.
- Headquarter Montreal, Canada
- Founders Ehsan Saboori, Davis Sawyer
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Sectors
Technology
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$6 M (USD)
in 1 rounds
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Latest Funding Round
$6 M (USD), Seed
Apr 07, 2021
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Investors
STMicroelectronics
& 7 more
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Employee Count
Employee Count
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Acquired by
STMicroelectronics
(Apr 23, 2025)
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Products & Services of Deeplite
Deeplite offers a comprehensive portfolio of products and services, including Deeplite Studio, Models-as-a-Service, and YOLO-D. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
End-to-end platform for deploying optimized AI models to processors.
Service creating bespoke optimized models for AI processors.
Family of models for real-time object detection and segmentation.
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Funding Insights of Deeplite
Deeplite has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Seed round of $6 million completed in April 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $6.0M
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First Round
First Round
(07 Apr 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Seed - Deeplite | Valuation | PJC |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Deeplite
Deeplite has secured backing from 8 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include STMicroelectronics, Desjardins and Smart Modular Technologies. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Seed and early-stage investments in US tech sectors are made.
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Early-stage investments are provided in data-driven B2B tech companies.
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Boston-based startups are funded by Innospark Ventures across all stages.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Deeplite
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Deeplite
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Deeplite Comparisons
Competitors of Deeplite
Deeplite operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kolena, Distributional, Openlayer, Autonomize and Anima, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
ML model testing platform for NLP, LLMs, computer vision, and structured data
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| domain | founded_year | HQ Location |
AI technologies are tested and evaluated via a dedicated platform.
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| domain | founded_year | HQ Location |
AI evaluation and observability platform is provided for enterprise applications.
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| domain | founded_year | HQ Location |
AI software for drug discovery and trial management is offered.
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| domain | founded_year | HQ Location |
Automated UI/UX prototyping is enabled through a cloud-based platform.
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| domain | founded_year | HQ Location |
AI validation tools and methods are developed for trustworthy systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Deeplite
Frequently Asked Questions about Deeplite
When was Deeplite founded?
Deeplite was founded in 2018 and raised its 1st funding round 3 years after it was founded.
Where is Deeplite located?
Deeplite is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Is Deeplite a funded company?
Deeplite is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Seed of $6M, raised on Apr 07, 2021.
What does Deeplite do?
Founded in 2018 in Montreal, Canada, Deeplite operates in the artificial intelligence sector, focusing on deep neural network optimization for embedded systems and edge devices. An API-integrated tool, known as Neutrino, is offered to automate model optimization through multi-objective design space exploration. Low-precision weights are utilized via algorithms that configure optimal precision across networks, meeting computation constraints for real-time applications. The company was incubated by TandemLaunch.
Who are the top competitors of Deeplite?
Deeplite's top competitors include Distributional, Openlayer and Autonomize.
What products or services does Deeplite offer?
Deeplite offers Deeplite Studio, Models-as-a-Service, and YOLO-D.
Who are Deeplite's investors?
Deeplite has 8 investors. Key investors include STMicroelectronics, Desjardins, Smart Modular Technologies, BDC, and PJC.
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