Preferred Networks, Inc. (PFN), a pioneering force in the realm of deep learning and advanced technology applications, has announced a significant funding milestone, successfully raising $121 million. Established in March 2014, PFN has rapidly emerged as a leader in leveraging cutting-edge technologies across various sectors, including transportation, manufacturing, life sciences, and robotics. This latest funding round will fuel PFN’s ambitious vision of transforming industries through practical, real-world applications of deep learning. With a strong foundation rooted in innovation, PFN is best known for creating Chainer™, an open-source deep learning framework that has gained substantial acclaim in the tech community. Additionally, the company has garnered recognition for its powerful MN-3 supercomputer, powered by the advanced MN-Core™ deep learning processor, which proudly topped the Green500 list three times in 2020 and 2021, showcasing its unparalleled energy efficiency. The funding will primarily focus on enhancing PFN's research and development initiatives, expanding its capabilities in key domains such as robotics and AI-driven solutions. As PFN continues to drive advancements in materials discovery, plant optimization, and education, the support from investors solidifies its position as a vital contributor to the future of innovation. With this infusion of capital, Preferred Networks is set to accelerate its trajectory, pushing the boundaries of what is possible in technology and further solidifying its role as a catalyst for change in various industries.
Preferred Networks Secures $121 Million in Funding to Propel Innovation in Deep Learning and Robotics
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