TDK to Acquire Qeexo to Enable Complete Smart Edge Platforms
January 4, 2023 | PRNewswireEstimated reading time: 1 minute
TDK Corporation announced that TDK has agreed to acquire Qeexo, Co., a U.S.-based venture-backed company spun out of Carnegie Mellon University engaged in the automation of end-to-end machine learning for edge devices. As a result of the acquisition, Qeexo will become a wholly owned subsidiary of TDK, subject to customary closing conditions, including approval of the Committee on Foreign Investment in the US (CFIUS).
Qeexo, based in Mountain View, California, USA, is the first company to automate end-to-end machine learning for edge devices. Qeexo AutoML enables a no-code environment, enabling data collection and training of 18 (and expanding) different machine learning algorithms, including both neural networks and non-neural-networks, to the same dataset, while generating metrics for each (accuracy, memory size, latency), so that users can pick the model that best fits their unique requirements. A cloud-based easy to use solution, it provides an intuitive UI platform system that allows users to collect, annotate, cleanse, and visualize sensor data and automatically build "tinyML" models using different algorithms. Qeexo's AutoML platform allows customers to leverage sensor data to rapidly build machine learning solutions optimized to have ultra-low latency and power consumption, with an incredibly small memory footprint for highly constrained environments with applications in industrial, IoT, wearables, automotive, mobile, and more. Through streamlined intuitive process automation, Qeexo's AutoML enables customers without precious ML resources and greatly accelerates design of Edge AI capabilities for their own specific applications.
"Qeexo brings together a unique combination of expertise in automating machine learning application development and deployment for those without ML expertise, high volume shipment of ML applications and understanding of sensors to accelerate the deployment of smart edge solutions," stated Jim Tran, CEO, TDK USA Corporation. "Their expertise combined with TDK's leadership positions in sensors, batteries and other critical components will enable the creation of system level solutions addressing a broad range of applications and industries."
"Our platform is an outgrowth of our own history of high-volume ML application development and deployment enabling those with domain expertise but not ML expertise to solve real world problems quickly and efficiently," continued Sang Lee, CEO, Qeexo. "We see our AutoML tool as a natural partner to the smarter sensor systems that TDK is building."
Suggested Items
Nolan’s Notes: Coming to Terms With AI
05/07/2024 | Nolan Johnson -- Column: Nolan's NotesHow fast do things move in the world of data analytics? Here’s an example. We’ve been planning this issue on artificial intelligence for the past few months, and, in fact, I had already written this column about a month ago. Then I went to IPC APEX EXPO and upended it all. I originally had compared AI to drag racing in that (CPU) horsepower and new (data) vehicles have steadily delivered higher performance competition. That seemed pretty accurate given how generative AI models dominated the popular media with amazing results—and sometimes spectacular crashes.
RTX's Advanced Ground System for Space-based Missile Warning Now Operational
05/06/2024 | RTXAn advanced ground system for space-based missile warning developed by Raytheon, an RTX business, is now operational at the U.S. Space Force's Overhead Persistent Infrared Battlespace Awareness Center (OBAC).
Cigent, Swissbit Announce Partnership to Enhance Endpoint Data Security
05/06/2024 | CigentCigent, a leading provider of endpoint data protection solutions, and Swissbit, a leading manufacturer of storage, security, and embedded IoT solutions, today announced a strategic partnership to offer a comprehensive portfolio of secure storage drives designed to safeguard endpoint data against a growing landscape of cyberthreats.
Industrial PC Market Size to Record $1.75 Billion Growth from 2023-2027
05/03/2024 | PRNewswireThe global industrial pc market size is estimated to grow by USD 1.75 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of almost 6.29% during the forecast period.
Gartner Survey Finds 61% of Organizations Are Evolving Their D&A Operating Model Because of AI Technologies
05/01/2024 | Gartner, Inc.Sixty-one percent of organizations are forced to evolve or rethink their data and analytics (D&A) operating model because of the impact of disruptive artificial intelligence (AI) technologies, according to a new Gartner, Inc. survey.