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Xnor

acquired by Apple

Seattle, US · Founded 2016 · 4 known investors

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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.

AFALI FARHADI
ALI FARHADICo-founder
MR
MOHAMMAD RASTEGARICo-founder
JGJon Gelsey
Jon GelseyAngel
AF
Ali FarhadiFounder
MR
Mohammad RastegariFounder

Board

OEOREN ETZIONI
OREN ETZIONIBoard directorVenture Partner at Madrona Venture Group
MMMATT McILWAIN
MATT McILWAINBoard directorManaging Director at Madrona Venture Group

Investors · 4

NGP Capitallisted by NGP CapitalBerlin · $5M – $15M

How we know: NGP Capital's portfolio page · a partner's Signal profile · Not right? Tell us

Allen Institute for AI (AI2) IncubatorreportedSeattle · $100K – $600K

How we know: open dataset · 5k.vc investor directory · Not right? Tell us

Autotech VenturesreportedMenlo Park · $1M – $8M

How we know: a partner's Signal profile · Not right? Tell us

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 2020Xnor.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, Allen Institute for AI (AI2) Incubator, 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.