(Bloomberg) -Startup AI, which provides access to artificial intelligence computing, raised the company’s evaluation to $ 3.3 billion by raising $ 35 million from investors in a transaction led by Catalyst. strong.
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Saudi Arabia’s Prosperity7 Ventures has created the Round. This included Salesforce Ventures, Nvidia Corp., Kleiner Perkins, Emergence Capital, Lux Capital, Coatue Management and other investors.
The AI platform allows developers to access the computing power needed to build an open source AI model and AI application. Vipul Ved PRAKASH chief executive said, “We offer very end -to -end service. “This includes NVIDIA’s data center and computing clusters, software layers and platform services.” The results can be “really up and run up quickly”, he said, he said.
As the demand for AI increases in the world, AI is showing rapid growth, the company said. In February 2024, the annual sales of $ 30 million in annual revenue in February 2024, the issues that were not identified for personal information, exceeded $ 100 million.
Information has previously reported some details about new funds.
Customers can use more than 200 open source models through the AI platform, including the LLAMA of Meta Platforms Inc. and the platform of China AI Start Up Deepseek. PRAKASH said that since the open source AI model is the core of innovation, the company wants to provide access to many people as much as possible.
“We think that this technology should be developed open and transparently. This is actually a basic tool for humanity. ”
NVIDIA is an AI investor and partner who has built a service on NVIDIA hardware, and said PRAKASH. Startup plans to distribute NVIDIA’s BLACKWELL GPU to the data center.
AI’s latest evaluation was a big leap forward in March 2024 in $ 1.22 billion. PRAKASH said the company plans to use new funds to double the 160 workforce by the end of 2025.
(Update the list of investors in the second paragraph and add a quotation in the TV interview in paragraph 6.)
