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Moondream raised $4.5M in a pre-seed funding round led by Felicis Ventures, Microsoft’s M12 GitHub Fund, and Ascend to develop a vision-language model optimized for performance without the need for large models.

PRIVATEOct 28, 2024

Amount Raised

$4.5 Million

Round Type

Pre-Seed

SeattleArtificial IntelligenceMachine LearningNatural Language Processing

Investors

FelicisMicrosoft’s M12 GitHub FundAscend

Description

Moondream emerged from stealth mode today with $4.5 million in pre-seed funding. The startup has built a vision-language model that operates with just 1.6 billion parameters, aiming to tackle the costs and privacy concerns of enterprise AI.

Quick answer

Moondream raised $4.5 Million in a Pre-Seed round, dated October 28, 2024. Investors: Felicis, Microsoft’s M12 GitHub Fund and Ascend. Moondream is based in Seattle, Washington, United States.

How much did Moondream raise?
Moondream raised $4.5 Million in a Pre-Seed round on October 28, 2024.
Who invested in Moondream?
Felicis, Microsoft’s M12 GitHub Fund and Ascend are named as investors in this round.
What does Moondream do?
Moondream is a startup that specializes in developing smaller, efficient AI models that can perform competitively with larger counterparts.
Where is Moondream based and how big is it?
Moondream is based in Seattle, Washington, United States.
Who are the decision-makers at Moondream?
Fundz holds 1 contact at Moondream. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Natural Language Processing and Artificial Intelligence around the same time

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

  • Speak raised $78M (Series C) on December 10, 2024.
  • Aampe raised $18M (Series A) on December 10, 2024.
  • Grw AI raised $2.2M (Pre-Seed) on December 9, 2024.
  • elvex raised $6.4M (Seed) on December 4, 2024.
  • Nurau raised $1.5M (Seed) on November 27, 2024.
  • /dev/agents raised $56M (Funding Round) on November 26, 2024.

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Company Information

Company

Moondream

Location

Seattle, Washington, United States

About

Moondream is a startup that specializes in developing smaller, efficient AI models that can perform competitively with larger counterparts. Their vision-language model, which operates with just 1.6 billion parameters, allows for local device execution, enhancing privacy and reducing the costs associated with cloud computing. The company focuses on providing a seamless developer experience while being firmly rooted in open-source principles. Moondream aims to revolutionize enterprise AI adoption by addressing practical needs and challenges in the industry.

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