Breakthrough Funding Announcement: Preferred Networks Secures $69 Million Investment

In a significant stride toward advancing its innovative technologies, Preferred Networks (PFN) has successfully raised $69 million in its latest funding round. Established in March 2014, PFN has been at the forefront of integrating deep learning and robotics into various sectors, including transportation, manufacturing, life sciences, and beyond. This strategic funding will bolster the company’s endeavors in developing practical, real-world applications that leverage its pioneering technologies. Among PFN's notable achievements is the creation of Chainer™, an acclaimed open-source deep learning framework, and the MN-3 supercomputer, which has gained recognition by topping the Green500 list three times during 2020 and 2021. The fresh capital will enhance PFN’s ability to expand its research and development efforts, particularly in the fields of robotics and AI. With pressing challenges in many industries requiring transformative solutions, PFN aims to harness this funding to accelerate advancements in plant optimization, materials discovery, and more. This infusion of capital not only highlights investors' confidence in PFN's mission but also sets the stage for the company to continue delivering cutting-edge innovations that have the potential to revolutionize various sectors. As PFN embarks on this new chapter, the commitment to shaping a smarter, more efficient future remains stronger than ever.