DEEPX announces expansion into AI video analytics and security systems market
DEEPX, an innovative on-device AI semiconductor company, is setting its sights on the burgeoning AI video analytics and security system market. This strategic shift is underpinned by forming key business alliances with leading global physical security companies, device OEM/ODMs, and Integrated Design Houses (IDH). DEEPX recently showcased its first-generation AI chip solutions at ISC West, the world’s largest security exhibition in Las Vegas, where it engaged with over 400 companies and 600 business representatives from major global security firms.
Following its successful exhibition at ISC West from April 9th to 12th, DEEPX is poised to further its reach at Secutech Taipei in Taiwan, scheduled from April 24 to 26. At these prominent security expos, DEEPX is demonstrating its cutting-edge solutions tailored for the AI of Things (AIoT) and exploring product collaborations with physical security companies and industrial equipment manufacturers worldwide.
The global AI video analytics market is expected to grow at a CAGR of 33% from $18.11 billion in 2023 to $75.35 billion by 2028. This significant growth is fueled by the adoption of vision AI capabilities across diverse sectors including smart cities, transportation, smart factories, homes, retail, and healthcare. Industries are increasingly favoring on-device AI processing to overcome challenges related to communication delays, privacy concerns, and high network costs associated with cloud-based AI systems. Additionally, shifts in the physical security industry’s global supply chains present a timely opportunity for DEEPX to broaden its on-device AI solution offerings.
DEEPX’s flagship product, the DX-M1 chip, utilizes advanced 5-nano processing technology, achieving high efficiency in power consumption and performance. Capable of handling real-time AI computation of over 30 frames per second for more than 16 multi-channel videos on a single chip, the DX-M1 sets a high industry standard. It supports a broad range of AI models, from popular object recognition frameworks like YOLOv5 to the latest YOLOv9 and vision transformer models.
DEEPX’s market position is further bolstered by over 240 patents that ensure competitive manufacturing costs, low power consumption, and attractive pricing for customers. The company also actively runs an Early Engagement Customer Program (EECP), providing participants with hardware and software tools to develop and transition AI-driven products from prototype to mass production.
In addition to its current engagements, DEEPX plans to attend the Embedded Vision Summit in Silicon Valley in May and COMPUTEX 2024 in Taipei in June. These participations are strategic moves aimed at accelerating business expansion by connecting with local enterprises and global distribution networks.
DEEPX’s strategic expansion into the AI video analytics and security system market not only aligns with the growing demand for advanced on-device processing solutions but also positions the company to capitalize on emerging opportunities in a rapidly evolving technological landscape. This move underscores DEEPX’s commitment to innovation and its ambition to become a leader in the global AI semiconductor market.