Xnor was founded by ALI FARHADI, MOHAMMAD RASTEGARI in 2016.

Who are Xnor's investors?

Xnor's investors include Madrona Venture Group, NGP Capital, Autotech Ventures.

How much funding has Xnor raised?

Xnor has disclosed $14.6M raised across 2 rounds.

Where is Xnor headquartered?

Xnor is headquartered in Seattle, US.

Xnor

acquired by Apple

Seattle, US · Founded 2016 · 3 known investors

Find your way into Xnor

Acquired by Apple January 2020 · $200M (~$200 million (unconfirmed by Apple)) · source ↗

Xnor.ai developed energy-efficient edge AI software enabling deep learning models like object and person detection to run on low-power devices such as phones, cameras, and drones without cloud connectivity. The company was spun off from the Allen Institute for AI in 2017.

Founders & leadership

Xnor was founded in 2016 by ALI FARHADI and MOHAMMAD RASTEGARI.

ALI FARHADICo-founder

MOHAMMAD RASTEGARICo-founder

Jon Gelseyin 𝕏Angel

Board

OREN ETZIONI in 𝕏Board directorVenture Partner at Madrona Venture Group

MATT McILWAIN 𝕏Board directorManaging Director at Madrona Venture Group

Investors · 3

Madrona Venture GroupSeattle · $2M – $10Mvia Matt McIlwain · board

NGP CapitalBerlin · $8M – $12M

Autotech VenturesreportedMenlo Park · $1M – $8M

Reported raises · per SEC filings

Form D private placements

$14.6M disclosed across 2 rounds · 2017–2018

▶$12MraisedMay 2018 · 6 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

OREN ETZIONIDirector
MOHAMMAD RASTEGARIExecutive Officer
MATT McILWAINDirector
ALI FARHADIExecutive Officer, Director

Offering amount: $12M
Amount sold: $12M
First sale: Mar 2018
Incorporated: Corporation, Delaware, 2016
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

▶$2.6MraisedFeb 2017 · 6 investors · Other Technology

Rule 506(b)

Officers, directors & promoters on the filing

OREN ETZIONIDirector
ALI FARHADIExecutive Officer, Director
MOHAMMAD RASTEGARIExecutive Officer
MATT McILWAINDirector

Offering amount: $2.6M
Amount sold: $2.6M
First sale: Jan 2017
Incorporated: Corporation, Delaware, 2016
Federal exemptions: 06b

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Apple’s latest acquisition is Seattle AI start-up Xnor.aisiliconrepublic.com · Jan 2020

Xnor.ai Raises $2.6m in Seed Funding - FinSMEsfinsmes.com · Feb 2017

Frequently asked questions

What does Xnor do?: Xnor.ai developed energy-efficient edge AI software enabling deep learning models like object and person detection to run on low-power devices such as phones, cameras, and drones without cloud connectivity. The company was spun off from the Allen Institute for AI in 2017.
Who founded Xnor?: Xnor was founded by ALI FARHADI, MOHAMMAD RASTEGARI in 2016.
Who are Xnor's investors?: Xnor's investors include Madrona Venture Group, NGP Capital, Autotech Ventures.
How much funding has Xnor raised?: Xnor has disclosed $14.6M raised across 2 rounds.
Who acquired Xnor?: Xnor was acquired by Apple.
Where is Xnor headquartered?: Xnor is headquartered in Seattle, US.