EdgeRunner AI raised $5.5M in a seed funding round led by Four Rivers Group and with participation from Madrona Ventures and strategic angels to build Generative AI for the edge.

Jul 18, 2024•about 1 year ago

Amount Raised

$5.5 Million

Round Type

seed

SeattleInformation Technology

Investors

Madrona VenturesFour Rivers Group

Description

EdgeRunner AI announced the closing of a $5.5 million seed funding round led by Four Rivers Group with participation from Madrona Ventures and strategic angels. The funding will go towards building EdgeRunner AI’s innovative platform, powered by state-of-the-art transparent models designed to operate seamlessly on any device or hardware without requiring internet access.

Company Information

Company

EdgeRunner AI

Location

Seattle, Washington, United States

About

EdgeRunner is the leader in domain-specific, air-gapped, on-device AI agents for military and enterprise. By offering a hyper-personalized assistant powered by AI agents that functions independently of internet connectivity, EdgeRunner fundamentally transforms how work is done privately and securely, enabling you to own your AI. Our founding team is experienced in developing SOTA open-source foundation models, optimizing models for edge use cases, and bringing this technology to users and enterprises around the world.

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VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers