Wave Computing Wins Prestigious Frost & Sullivan Award: “The Machine Learning Industry Technology Innovation Leader”

Wave Computing’s Leadership and Dataflow Technology Recognized As “Transforming Conventional Computer Architectures and Deep Learning Industries”

Campbell, California, UNITED STATES

CAMPBELL, Calif., Jan. 15, 2018 (GLOBE NEWSWIRE) -- Wave Computing™, the Silicon Valley start-up that is revolutionizing artificial intelligence and deep learning with its dataflow-based solutions, announced today that the company has received Frost & Sullivan’s 2018 Technology Innovation Award for the Machine Learning Industry.

Every year Frost & Sullivan’s global team of analysts and consultants research a wide range of markets across multiple sectors and geographies. They identify companies that consistently pursue or invest in new technologies, enabling them to serve their customers more effectively and grow at an above-the-industry average. This involves extensive primary and secondary research across the entire value chain of specific products. Against this backdrop, Frost & Sullivan has recognized Wave Computing as the Technology Innovation Leader in the machine learning industry.

“To achieve excellence in technology innovation is never an easy task, but it is one made even more difficult considering today’s competitive intensity—not to mention the difficulty of innovating in an environment of escalating challenges to intellectual property,” said Dhiraj Badgujar, Analyst from Frost & Sullivan. “Within this context, Wave Computing’s award selection signifies an even greater accomplishment. We enthusiastically acknowledge and celebrate this achievement by the team at Wave.”

“We are honored to receive this prestigious award from one of the industry’s leading global research firms,” said Derek Meyer, CEO of Wave Computing. “Together with the closure of our latest funding round and finalization of our commercial DPU silicon, this is yet another significant milestone the company has achieved. In addition to thanking the team at Frost & Sullivan for selecting us after their extensive research and analysis, I’d also like to recognize the growing team at Wave Computing for making our company the leader in the machine learning industry. This award underscores their hard work and dedication.”

Wave Computing’s dataflow-based solutions empower companies to develop new lines of business and revenue streams using artificial intelligence and deep learning. Wave’s dataflow technology eliminates the need for CPUs and co-processors, such as GPUs and FPGAs, thereby helping data scientists achieve new levels of performance and scalability that are unattainable using current acceleration platforms. For example, Wave Computing’s dataflow solution can speed the training of Natural Language Processing (NLP) tasks by hundreds of times compared to CPUs and GPUs, thus cutting days— if not weeks— from a data scientist workflow routine.

To learn more, download Frost & Sullivan’s 2018 Technology Innovation Award Research report for Wave Computing.

About Frost & Sullivan’s Technology Innovation Award Criteria
Each year, Frost & Sullivan presents this award to the company that has demonstrated uniqueness in developing and leveraging new technologies, which significantly impacts both the functionality and the customer value of the new products and applications. The award lauds the high R&D spend towards innovation, its relevance to the industry, and the positive impact on brand perception. 

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry. 

About Wave Computing
Wave Computing, Inc. is the Silicon Valley start-up that is revolutionizing artificial intelligence and deep learning with its dataflow-based solutions. The company’s solutions leverage its native dataflow technology to outperform machine learning products available today. Wave Computing, one of CIO Application Magazine’s Top 25 Artificial Intelligence Providers, is offering its solutions to customers globally.

Wave Computing and WaveFlow are trademarks of Wave Computing, Inc. All other trademarks are used for identification purposes only and are the property of their respective owners. ©2018 Wave Computing, Inc.  All rights reserved.

Media Contact:
Lee Flanagin                       
Wave Computing