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.

Oct 28, 2024•10 months ago

Amount Raised

$4.5 Million

Round Type

seed

SeattleNatural Language ProcessingMachine LearningArtificial Intelligence

Investors

AscendMicrosoft’s M12 Git Hub FundFelicis Ventures

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.

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