11/07/2024 | Press release | Distributed by Public on 11/07/2024 07:18
In a landscape where well-funded companies with substantial computational resources dominate, student founders must rapidly test their ideas to stay competitive. Access to computing power is crucial for processing large datasets and creating products and services that successfully leveragegenerative artificial intelligence.
At the University of Waterloo, student founders are rising to the challenge, harnessing Velocity's graphics processing units (GPU)server to turn their visions into reality.
Storing massive data sets and models, a GPU server runs complex algorithms and can retainlarge datasets for processing calculations. With its cloud-based options, GPU'sare available and while purchasingand managing a server is an option, it requires secure network infrastructure and regular maintenance to operateeffectively.
According to Faculty of Engineering undergraduate students Dhriti Gabaniand Suhani Trivedi, GPU purchasing is cost-prohibitive and can hamper innovation.
TheirstartupWave aims to increasethe speed and accuracy of epilepsy and seizure diagnosis. This potentially revolutionary product requires training largesets of brain wave data totest and build a minimum viableproduct (MVP). With this requirement, Gabaniand Trivedi turned to Velocity's GPU server, utilizingits resources to make this critical process possible.
"We are training a foundational model," Gabanisays. "Training this model requires GPU access, which is currently in high demand, but is a core piece of the infrastructure needed to move forward and kickstart our idea." Employing Velocity's servers, Gabaniand Trivedi have overcome this obstacle and begun training without barriers.
With their startup technology, Wave aims to create a software product that will someday become integrated into hospital and clinic systems. Clinicians would be able to run electroencephalogram(EEG)results through the Wave software, speeding up the diagnostic process and improving result accuracy.
After requesting access to publicly available EEG data, Trivedi highlights that with the sheer size of these data sets, processing times are large and require repetition, leading to escalating costs. With GPU access, the Wave team can face this major roadblock with confidence."
Seeing their ideas come to life with the MVP they developed during their Enterprise Co-op at the Conrad School of Entrepreneurship and Business, Wave is poised to bring their product to clinics and independent neurologists for real-world testing and iteration.
With promise on the horizon, Gabaniand Trivedi were victorious in Velocity's Cornerstone 10-day Validation sprint and The Conrad School of Entrepreneurship and Business' E-launch pitch competition, securing $10,000 in funding for their work on Wave.
Wave isn'tthe only company accelerating its progress thanks to Velocity's GPU. Student founder and mechanical engineering undergraduate student, Humza Ahmed says beyond the massive cost savings, access to Velocity's GPU server comes at a pivotal time for his startup.
Ahmed won the spring 2024 Velocity Pitch Competitionfor AutomaxAI, a web application that gives property appraisers neutral, data-driven analysis about how much a property is worth, using language and terminology specific to the industry.
As AutomaxAIgrows its customer base, it currently has paying customers in Pennsylvania, Ontarioand Alberta, they plan to use the GPU server to improve product offerings and include image processing to analyze photos that appraisers take during inspections.
"For us to be able to train computer vision models allows us to be more competitive, which we couldn't do without a dedicated server," Ahmed says. "Having this access accelerates our growth, allowing us to operatemore efficiently and cost-effectively, especially as our user base continues to grow.
"This access opens avenues to experiment and refine ideas which would otherwise be too costly to pursue," Ahmed says.
The GPU server is open to all students at the University of Waterlooworking to develop ideas into a business.
Applyto use Velocity's GPU serverand other founder resources.