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Nod Labs

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Precision motion tracking and gesture control designed for immersive experiences

Mountain View, United StatesFounded 2013Consumer Services
Valuation $50–100M Last recorded · 2015
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Nod Labs and the history behind them.

About Nod Labs

Nod.ai, initially founded as Nod Labs in 2013 by Anush Elangovan and Harsh Menon, has pivoted from its early focus on hardware to become a key player in artificial intelligence software. The company's original mission centered on gesture recognition and motion-tracking wearables, such as rings for virtual reality, backed by investors like Atlantic Bridge, Sequoia Scout Seed Fund, and Walden Riverwood Ventures. Co-founder Anush Elangovan brought experience from Google, where he worked on Chromebooks, and Cisco, while Harsh Menon was an early employee at Zee.Aero/KittyHawk, working on flying cars.

The company transitioned to what is now Nod.ai, concentrating on open-source AI software that optimizes the performance of machine learning models. This strategic shift culminated in its acquisition by AMD in October 2023 for an undisclosed amount. The acquisition was a strategic move by AMD to bolster its open software ecosystem and better compete in the AI hardware and software market by integrating Nod.ai's expertise.

Nod.ai's core business revolves around advanced compiler and code-generation technologies that enable customers to train and deploy machine learning models with greater efficiency. The firm's flagship product, the SHARK software suite, is a compiler-based automation tool that reduces the need for manual optimization when deploying AI models across various hardware platforms. This technology is designed to make AI models run faster and more efficiently, a critical factor for clients in cloud computing, data centers, and edge computing. Nod.ai is a major contributor to important open-source AI projects, including Torch-MLIR and OpenXLA/IREE, which are foundational technologies for compiling and running AI programs.

By creating solutions that tune AI models to run optimally on specific hardware, Nod.ai addresses a crucial bottleneck in the deployment of AI. Its software accelerates AI solutions for a wide range of AMD hardware, including Instinct data center accelerators, Ryzen AI processors, and Radeon GPUs. This focus on compiler technology provides a significant performance lift, enabling models to run with lower latency across diverse platforms, from large-scale cloud servers to endpoint devices.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2013
Headquarters
Mountain View, United States
Employees
12
Open positions
None listed
Dealroom signal
68.5/100
Industry
Gaming, Home Living
Sector
Consumer Services, Consumer Electronics, Immersive Technologies, Hard Tech, DT and LS
Technology
Artificial Intelligence, Deep Tech, Virtual Reality, IoT InternetOfThings
Business model
Manufacturing
Client focus
b2b, b2c

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Oct 2023 $0 — AMD ↗
SERIES A✓Equity / VC Jun 2015 $14M $54M Nautilus Venture Partners · Atlantic Bridge · PointGuard Ventures —
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Growth signals

Nod Labs website traffic

Latest recorded traffic for Nod Labs is 180 monthly website visits, down 96.1% over the last three months. Nod Labs's team declined 20% over the past year.

Latest monthly visits180 3-month web change-96.1% 1-year team growth-20%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

10 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

Series A3 investors entered at this stage

  • Celesta Capital
  • Nautilus Venture Partners
  • PointGuard Ventures

Other known investors5 additional known investors

  • AMD
  • A&E Investments
  • Anush Elangovan
  • Krishna Yarlagadda
  • Mike D Kail
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇺🇸 United States60%
🇮🇳 India40%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Nod Labs on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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