Latent AI, a Menlo Park, CA-based startup building solutions that enable the adaptive edge to transform AI processing, closed a $19 Million in Series A funding. The round was co-led by Blackhorn Ventures and Future Ventures with participation from Booz Allen Hamilton, Lockheed Martin, 40 North Ventures, Pegasus Tech Ventures, and Autotech Ventures.
The company intends to use the funds to scale the team and build products.
Company: Latent AI, Inc.
Raised: $19.0M
Round: Series A
Funding Month: August 2021
Lead Investors: Blackhorn Ventures and Future Ventures
Additional Investors: Booz Allen Hamilton, Lockheed Martin, 40 North Ventures, Pegasus Tech Ventures, and Autotech Ventures
Company Website: https://latentai.com/
Software Category: AI implementation and workflows
About the Company: Led by Jags Kandasamy, CEO, Latent AI is enabling next-generation AI factories to deploy AI applications at scale in a fast manner. The company’s flagship MLOps product, Latent AI Efficient Inference Platform (LEIP), allows compression and optimization of neural nets running on any hardware target in the edge continuum.
Source: https://www.finsmes.com/2021/08/latent-ai-raises-19m-in-series-a-funding.html