Liquid AI a Boston, MA-based startup emerged from stealth mode with $37.6 million in seed funding.
SaaS Investors
The round was led by OSS Capital and PagsGroup. Other investors include Breyer Capital, Tom Preston Werner (Github Co-founder), Naval Ravikant (AngelList & AirChat Co-founder), Safar Partners, ISAI Cap Venture (Capgemini’s VC Fund managed by ISAI), Tobias Lütke (Shopify Co-founder), David Siegel (Two Sigma), Chris Prucha (Notion Co-founder), Samsung Next, David Blundin (Link Ventures), Bold Capital Partners (Peter Diamandis), Marc Casper (President & CEO of Thermo Fisher), Duke Capital Partners, Argean Capital Management, Latham & Watkins, Bob Young (Red Hat Co-founder) and Automattic.
Founded in 2018, OSS Capital is a venture capital firm based in San Francisco, California. The firm is an early-stage VC exclusively dedicated to backing leading COSS (commercial open source) startup founders on a global basis (India, UK, EU, Canada, US, Singapore, and beyond).
The PagsGroup operates as the family office of Stephen Pagliuca a Managing Partner and Executive Committee Member of the Boston Celtics and Managing Director and Co-Chairman of Bain Capital.
About Liquid AI
Founded by Ramin Hasani, Mathias Lechner, Alexander Amini, and Daniela Rus, Liquid AI is a company developing a new generation of AI foundation models. Liquid AI focuses on liquid neural networks, a concept that involves smaller and more efficient models that require less computing power. Liquid AI is an MIT spin-off with a presence in Boston, MA, and Palo Alto, CA. Its mission is to build state-of-the-art, general-purpose AI systems from first principles and deploy capable, efficient, highly aligned, and trustworthy AI for all.
Funding Details
Company: Liquid AI, Inc.
Raised: $37.6M
Round: Seed Round
Funding Month: December 2023
Lead Investors: OSS Capital and PagsGroup
Additional Investors: Breyer Capital, Tom Preston Werner, Naval Ravikant, Safar Partners, ISAI Cap Venture, Tobias Lütke, David Siegel, Chris Prucha, Samsung Next, David Blundin, Bold Capital Partners, Marc Casper, Duke Capital Partners, Argean Capital Management, Latham & Watkins, Bob Young, Automattic
Company Website: https://www.liquid.ai/
Software Category: AI Foundation Models
Source: https://www.liquid.ai/blog/new-generation-of-ai-models-from-first-principles