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Lightning AI Secures $50 Million Investment from Cisco, J.P. Morgan, K5 Global, and Nvidia for PyTorch AI Framework

Nov 22, 2024•over 1 year ago

Contract Type

partnership

San FranciscoSoftware

Description

Lightning AI has secured a $50 million equity investment from Cisco Investments, J.P. Morgan, K5 Global, and Nvidia to further develop the PyTorch Lightning open AI framework. The investment brings its total funding to $103 million. The platform unifies separate tools into one, multi-cloud platform, offering solutions to train and deploy models, build intelligent agents, and more.

Company Information

Company

Lightning AI

Location

San Francisco, California, United States

About

Lightning AI is an end-to-end AI development platform that takes teams from idea to production at lightning speed, enabling collaborative coding, rapid prototyping, GPU-powered training, and scalable deployment—all directly from the browser with zero setup. With persistent cloud environments, seamless CPU-to-GPU workflows, multi-node scaling, and native support for PyTorch Lightning, Fabric, Lit-GPT, torchmetrics, and more, Lightning AI functions as a powerful cloud-based laptop built to develop, debug, and serve AI models efficiently.

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