About Inspirit IoT
Inspirit IoT is a Technology company based in Champaign (United States) founded in 2011. AI consulting and development for IoT hardware acceleration are provided. Inspirit IoT has raised $1.25 million across 4 funding rounds from investors including Touchview Technology and National Science Foundation. Its chief executive, as recorded, is Deming Chen. Its focus areas include Semiconductors, Electronic Design Automation Tools, Design and Simulation Tools and Horizontal. Its legal entity is Inspirit IoT Inc. Its competitors include MathWorks, ChipStack and Innoveda.
Company details
Inspirit IoT provides consulting services for hardware acceleration for IoT applications. The company provides a high-level synthesis and machine-learning optimization toolkit for their solutions. The company has proprietary technologies for audio event detection (includes audio enhancement, event detection (e.g. screaming, gunshots), and keyword detection), Tensorflow-based deep neural network platform for model optimization, and high-level synthesis tool. They received seed funding from National Science Foundation of America and Advanced Digital Sciences Center.
- Headquarters Champaign, United States
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website inspirit-iot.com
- Social LinkedIn X
- Legal Name Inspirit Iot Inc.
- Total Equity Funding$1.25M (USD)
in 4 rounds
- Latest Funding Round$909.7K (USD), Grant
Sep 2018
- InvestorsTouchview Technology
& 1 more
Funding Insights of Inspirit IoT
Inspirit IoT has successfully raised a total of $1.25M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $909.7 thousand completed in September 2018. 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 $1.25M
- Total Rounds 4
- Last Round Grant — $909,704
- First Round $200,000
(Nov 2016)
- Investors Count 2
All 4 funding rounds of Inspirit IoT with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2018 | $909,704 | Grant | – | – | |
| Jun 2018 | $1.05M | Seed | – | Touchview Technology | – |
| Feb 2017 | $225,000 | Grant | – | – | |
| Nov 2016 | $200,000 | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Inspirit IoT
Inspirit IoT has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Touchview Technology and National Science Foundation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
A government-backed foundation providing seed-stage investments to support small businesses. | 1950 | nsf.gov | Arlington, United States | |
Edge intelligent sensing products are provided for AIoT scenarios. | 2010 | senscape.com.cn | Haidian, China |
Investor details for Inspirit IoT
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People of Inspirit IoT
2 people are tracked at Inspirit IoT (2 in leadership).
| Name | Role | Group |
|---|---|---|
Deming Chen | CEO & President | Leadership |
Li Zhang | Interim CFO | Leadership |
Complete people profiles for Inspirit IoT
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Timeline of Inspirit IoT
3 dated milestones of Inspirit IoT across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Inspirit IoT is founded.
- Funding First funding round of $200K.
- Funding Latest funding round, Grant, of $910K.
Competitors of Inspirit IoT
Inspirit IoT has 3 listed competitors in our database. They include MathWorks, ChipStack and Innoveda.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mathworks.com | 1984 | Natick, United States | 1,355 | Mathematical computing software is developed for algorithm solutions. | ||
| chipstack.ai | 2024 | Seattle, United States | Systems for chip design are developed using integrated software stacks. | |||
| innoveda.com | 1998 | Marlborough, United States | Electronic design automation tools are supplied for diverse industrial sectors. |
Detailed competitors of Inspirit IoT
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Top companies in Electronic Design & Engineering Tools
3 companies that operate in the same segment as Inspirit IoT (Electronic Design & Engineering Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electronic design automation solutions are provided for semiconductor systems. | 1986 | United States | USD 7.05 B | 20,000 | ||
Provider of a suite of cloud-based electronic design automation tools for integrated circuits | 1976 | Austin, Texas, United States | USD 37.56 M | 280 | ||
Network-on-chip interconnect IP is provided for AI-enabled SoCs. | 2003 | Campbell, California, United States | USD 39.3 M | USD 70.58 M | 267 |
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Related news about Inspirit Iot
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Frequently Asked Questions about Inspirit IoT
Inspirit IoT was founded in 2011 and raised its 1st funding round 5 years after it was founded.
Inspirit IoT is headquartered in Champaign, United States. It is registered at Champaign, Illinois, United States.
Deming Chen is the CEO of Inspirit IoT, as recorded in our data.
Inspirit IoT is a funded company, having raised a total of $1.25M across 4 funding rounds to date. The company's 1st funding round was a Seed of $200K, raised on Nov 2016.
Inspirit IoT provides consulting services for hardware acceleration for IoT applications. The company provides a high-level synthesis and machine-learning optimization toolkit for their solutions. The company has proprietary technologies for audio event detection (includes audio enhancement, event detection (e.g. screaming, gunshots), and keyword detection), Tensorflow-based deep neural network platform for model optimization, and high-level synthesis tool. They received seed funding from National Science Foundation of America and Advanced Digital Sciences Center.
Inspirit IoT has 2 investors. Key investors include Touchview Technology, and National Science Foundation.
Inspirit IoT operates through Inspirit Iot Inc..