Fundz

French startup FlexAI raised $30M in a seed round to ease access to AI compute

PRIVATEApr 24, 2024

Amount Raised

$30 Million

Round Type

Seed

ParisArtificial IntelligenceMachine LearningCloud Infrastructure

Investors

Alpha Intelligence CapitalInsta Deep Ceo Karim BeguirPartechMotier VenturesFrst CapitalHeartcore CapitalElaia Partners

Description

FlexAI, a French startup operating in stealth since October 2023, has raised $30 million in funding for their on-demand cloud service for AI training. The seed round was led by Alpha Intelligence Capital (AIC), Elaia Partners and Heartcore Capital, with participation from Frst Capital, Motier Ventures, Partech, and InstaDeep CEO Karim Beguir.

Quick answer

FlexAI raised $30 Million in a Seed round, dated April 24, 2024. Investors: Alpha Intelligence Capital, Insta Deep Ceo Karim Beguir, Partech, Motier Ventures, Frst Capital, Heartcore Capital and Elaia Partners. FlexAI is based in Paris, Ile-de-France, France.

How much did FlexAI raise?
FlexAI raised $30 Million in a Seed round on April 24, 2024.
Who invested in FlexAI?
Alpha Intelligence Capital, Insta Deep Ceo Karim Beguir, Partech, Motier Ventures, Frst Capital, Heartcore Capital and Elaia Partners are named as investors in this round.
What does FlexAI do?
FlexAI is delivering universal AI compute by rearchitecting compute infrastructure at a system level.
Where is FlexAI based and how big is it?
FlexAI is based in Paris, Ile-de-France, France.
Who are the decision-makers at FlexAI?
Fundz holds 1 contact at FlexAI. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Cloud Infrastructure and Artificial Intelligence around the same time

Companies in the same sectors as FlexAI that raised within 45 days of this round, from Fundz verified event records.

  • Espresso AI raised $11M (Seed) on May 7, 2024.
  • Corvex Legacy Holdings raised $24M on April 2, 2024.
  • Corvex Legacy Holdings raised $24M (Seed) on April 2, 2024.
  • Greptile raised $4.1M (Seed) on June 7, 2024.
  • Wrtn Technologies raised $18M (Series B) on June 7, 2024.
  • Clodura.AI raised $2M (Pre-Series A) on June 6, 2024.

Who to call at FlexAI, and when

A new round usually means FlexAI is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day FlexAI raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at FlexAI, from your own LinkedIn network

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Company Information

Company

FlexAI

Location

Paris, Ile-de-France, France

About

FlexAI is delivering universal AI compute by rearchitecting compute infrastructure at a system level. We have built a layer of software intelligence, abstraction, and orchestration into the AI compute stack, enabling developers to benefit from a diverse set of compute architectures to train their models faster, more reliably, and at a fraction of the cost of traditional GPU clusters.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment FlexAI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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