Modular Closes $30 Million Seed Round To Simplify The Process Of Developing Ai Systems
PUBLIC · MODDJun 30, 2022
Amount Raised
$30 Million
Round Type
Seed
Palo AltoSoftwareData And AnalyticsScience And EngineeringArtificial Intelligenceinformation technology & services
Description
AI has transformative potential. But if you ask the co-founders of Modular, a startup emerging from stealth today, the software used to develop it is “monolithic,” fractured into silos piled with layers of complexity. Big Tech companies have made helpful contributions, like TensorFlow and PyTorch — AI development frameworks maintained by Google and Facebook, respectively. But these companies, the Modular co-founders posit, show a preference for their tooling and infrastructure at the expense of the AI’s progress.
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Company Information
Company
Modular
Location
Palo Alto, California, United States
About
But these companies, the Modular co-founders posit, show a preference for their tooling and infrastructure at the expense of the AI’s progress. Founded by former Apple and Google engineers and execs, the company today closed a large ($30 million) seed round led by GV (formerly Google Ventures), with participation from Greylock, The Factory and SV Angel to realize its vision of a streamlined, platform-agnostic AI system development platform. “The reason those companies are successful at deploying AI is that they amass armies of developers, incredibly talented AI tinkerers, and use their vast compute and financial resources to further their own efforts and products — including their own clouds and AI hardware. Modular has other rivals, including Lightning AI and Gantry, both of which sell access to infrastructure for creating and maintaining AI models.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Modular raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Palo AltoSoftwareData And AnalyticsScience And EngineeringArtificial Intelligenceinformation technology & services