FlexAI, a Paris, France-based universal AI compute company, has launched with $30 million in seed funding.
Investors
The round was led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital.
Founded in 2018, Alpha Intelligence Capital is a venture capital firm based in San Mateo, California. The firm prefers to invest in seed to Series B, deep artificial intelligence, and machine learning technology-based companies. The firm has additional offices based in San Francisco, Hong Kong, Singapore, and Paris.
Founded in 2002, Elaia Partners is a venture capital firm based in Paris, France. The firm focuses on digital & deep tech startups, from early-stage to growth development. The firm seeks to invest in companies operating in tech-intensive B2B, digital, deep technology, and biotech sectors.
Heartcore Capital is a venture capital investment firm that prefers to invest in seed-stage and early-stage companies across information technology, healthcare, TMT, and technology-based sectors in Europe. It was founded in 2007 and is based in Copenhagen, Denmark.
About FlexAI
Founded by Brijesh Tripathi and Dali Kilani, FlexAI is delivering universal AI compute by rearchitecting compute infrastructure at a system level. The company has built a layer of software intelligence, abstraction, and orchestration into the AI compute stack, enabling developers to benefit from a diverse set of compute architectures to train their models faster, more reliably, and at a fraction of the cost of traditional GPU clusters. They collaborate with hardware leaders and cloud providers across the AI ecosystem and will soon unveil their first commercial product, offering developers access to virtual heterogeneous compute.
Funding Details
Company: FlexAI
Raised: $30.0M
Round: Seed Round
Funding Month: April 2024
Lead Investors: Alpha Intelligence Capital (AIC), Elaia Partners, Heartcore Capital
Company Website: https://www.flex.ai/
Software Category: AI Compute
Source: https://www.globenewswire.com/news-release/2024/4/24/2868408/0/en/FlexAI-Launches-with-30-Million-in-Seed-Funding-to-Deliver-Universal-AI-Compute.html