Lightning AI, a NYC-based creator of the PyTorch Lightning framework, raised $50M in funding.
Backers included Cisco Investments, J.P. Morgan, K5 World and NVIDIA, bringing whole funding to $103M.
The corporate intends to make use of the funds to broaden operations and its growth efforts.
Led by William Falcon, Founder and CEO, Lightning AI is the corporate behind PyTorch Lightning, a extensively adopted deep studying framework with over 160 million downloads. It simplifies and accelerates AI growth by offering a unified platform for coaching, deploying, and scaling AI. Its flagship product, Lightning AI Studios, integrates instruments for mannequin fine-tuning, deployment, agent constructing, and extra. Designed for each simplicity and extensibility, it permits enterprises and builders to construct deployment-ready AI merchandise in weeks not months, whereas lowering infrastructure complexity and prices.
Since launching 12 months in the past, Lightning AI has gained 240,000 customers throughout 2,000 organizations, with PyTorch Lightning surpassing 160 million downloads. Lightning’s multiplayer, cloud-based, persistent growth environments make AI growth – mannequin finetuning, deploying, agent constructing, and so forth – as intuitive as utilizing the iPhone.
FinSMEs
22/11/2024
