PALO ALTO, Calif., May 10, 2016 /PRNewswire/ -- Nervana Systems, a deep learning company building technology to power the next generation of intelligent applications, today announced that it has been named a "Cool Vendor" by Gartner in their April 27, 2016 report titled, "Cool Vendors in Novel Semiconductors for Neural Networks, 2016". The report, published by Michele Reitz, Martin Reynolds, James F. Hines, Nathan Nuttall, and Gerald Van Hoy at Gartner, Inc., evaluates innovative, impactful, and intriguing vendors, products and services in the novel semiconductor for neural networks market and highlights custom silicon solutions that will shorten the timeline for mainstream deployment of deep neural networks in existing and new applications.
"The Nervana team is developing a full-stack deep learning platform to enable organizations to use deep learning to tackle previously unsolvable problems. We believe our inclusion in the Cool Vendor report by Gartner validates our mission to make scalable artificial intelligence widely accessible and to enable disruptive new applications across a range of industries," said Naveen Rao, co-founder and CEO of Nervana.
In February, Nervana launched Nervana Cloud, a full-stack hosted platform for deep learning. Based on neon, Nervana's open source deep learning framework, Nervana Cloud helps businesses develop and deploy high-accuracy deep learning solutions at a fraction of the cost of building their own infrastructure and data science teams. Utilizing the Nervana Engine, an application specific integrated circuit (ASIC) that is custom-designed and optimized for deep learning, Nervana Cloud has been optimized down to the silicon to handle the most complex machine learning training at scale. These combined technology innovations have enabled Nervana to achieve training speeds 10x faster than conventional GPU-based systems and frameworks.
Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About Nervana Systems
Based in Palo Alto and San Diego, CA, Nervana Systems has developed a full-stack deep learning solution that enables organizations of all sizes to quickly build and deploy state-of-the-art deep learning-based AI solutions. Founded by experts in machine learning, neuroscience, and computer engineering, Nervana has assembled experienced data scientists, engineers, and business professionals from the best institutions, research labs, and high-growth technology companies in the world including Brown, Caltech, Duke, Harvard, UC Berkeley, Qualcomm, and Goldman Sachs. The company is backed by leading VC firms including DFJ, DCVC, Allen & Co, AME Cloud Ventures, Playground Global, CME Group, Fuel Capital, Lux Capital, and Omidyar Network.
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SOURCE Nervana Systems