Spice AI Raises $1 Million in pre-Seed Round  

by Kay Aloha Villamor in October 15th, 2021

Spice AI, a Seattle, WA-based startup enabling developers to integrate AI into their applications, raised $1 million in pre-Seed funding.

Spice AI is backed and advised by several tech leaders, including Nat Friedman (CEO of GitHub) and Mark Russinovich (CTO of Microsoft Azure), together with institutional investors, Madrona Venture Group, Picus Capital, TA Ventures, Elysium Venture Capital, Cardinia Ventures, and Founder’s Co-op.

The company will use the funding to build the core team in the Pacific Northwest and is currently hiring full-time software and machine-learning engineers.

Company: Spice AI, Inc.

Raised: $1.0M

Round: pre-Seed

Funding Month: October 2021

Lead investors: 

Additional Investors: Nat Friedman, Mark Russinovich, Madrona Venture Group, Picus Capital, TA Ventures, Elysium Venture Capital, Cardinia Ventures, and Founder’s Co-op

Company Website: https://spiceai.io/

Software Category: Developers– intelligent apps

About the Company: Co-founded by Luke Kim and Phillip LeBlanc, Spice AI takes a developer-first approach to build intelligent apps. Its first release is an open-source project that enables developers to access machine learning tools in minutes instead of months. Using time-series data, Spice.ai lets developers create applications that learn and adapt using AI-powered recommendations. The platform lets developers improve those AI capabilities with fast local development cycles and modern CI/CD workflows. Spice.ai was built for developers first, using a portable runtime that operates as a container or microservice on any public cloud, on-premises, or edge hardware. Applications can make calls to Spice.ai using a simple HTTP API, allowing developers to use their favorite languages and frameworks.

Source: https://www.finsmes.com/2021/10/spice-ai-raises-1m-in-pre-seed-funding.html

 

 

 


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