doubleAI raises $200M led by Lightspeed and Bessemer, backed by Nvidia and Dell
Original titleNvidia, Dell back $200M round for AI model developer doubleAI
AISummary
doubleAI raised $200 million in a Series A round co-led by Lightspeed and Bessemer, with Nvidia and Dell also participating. CTech reported the investment values the company above $1 billion. The Tel Aviv company's Maxwell model optimizes program binaries to reduce hardware usage, and the Wall Street Journal reported that half the round will buy 1,000 Nvidia B300 GPUs.
AIWhy it matters
The source ties the funding to concrete optimization results on cuGraph and pandas, showing what the Maxwell model does for enterprise hardware costs.
Source: SiliconANGLE · AI · siliconangle.comPublished · added here