Monster API, a Palo Alto, CA-based company that provides APIs for various generative AI models, secured $1.1 million in pre-seed funding led by Carya Ventures, with participation from Rebright Partners.
This funding will help Monster API to build and release products faster to help developers kick-start their journey in Generative AI.
The company is launching its platform to provide developers access to GPU infrastructure and pre-trained AI models at a far lower cost than other cloud-based options, delivering extraordinary ease of use and scalability. It utilizes decentralized computing to enable developers to quickly and efficiently create AI applications, saving up to 90% over traditional cloud options.
The new platform allows developers to access the latest and most powerful AI models (like Stable Diffusion) ‘out-of-the-box' at one-tenth the cost of traditional cloud ‘monopolies' like AWS, GCP, and Azure.
"By 2030, AI will impact the lives of 8 billion people. With Monster API, our ultimate wish is to see developers unleash their genius and dazzle the universe by helping them bring their innovations to life in a matter of hours," said Saurabh Vij, CEO and co-founder, of Monster API.
Company: Generative Cloud, Inc.
Raised: $1.1M
Round: Pre-Seed Round
Funding Month: June 2023
Lead Investors: Carya Ventures
Additional Investors: Rebright Partners
Company Website: https://monsterapi.ai/
Software Category: ML Pipeline Platform
About the Company: Founded by Saurabh Vij and Gaurav Vij, Monster API started as the "Airbnb of GPUs" and has evolved into a comprehensive ML pipeline platform. It delivers a scalable, globally available, and affordable platform for generative AI. Monster API allows developers to access, fine-tune and train ML models. The company accesses the unused computing power of millions of decentralized crypto and gaming computers worldwide, optimizing them for machine learning. The Monster API platform allows developers to quickly and easily access AI models at a fraction of the cost of competitors such as AWS and Google Cloud. With its massive GPU network and out-of-the-box setup, the platform meets the ever-growing demand for generative AI applications.
Source: https://www.accesswire.com/759962/Cutting-Edge-Monster-API-Platform-Transforms-AI-Development-Up-to-90-Cost-Reduction-Achieved-Through-Decentralized-Computing