doubleAI raises $200M Series A led by Lightspeed and Bessemer
Overview
doubleAI, a Tel Aviv artificial intelligence developer, has raised $200 million in a Series A round co-led by Lightspeed and Bessemer, according to the company.
Nvidia and Dell Technologies also participated, with several other investors. CTech reports the investment values doubleAI above $1 billion. The Wall Street Journal reports that half the round will buy 1,000 Nvidia B300 GPUs. doubleAI's Maxwell model optimizes program binaries to reduce hardware usage.
Written by AI from the articles below · updated Oct 19, 7:47 PM ET
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- SiliconANGLE · AINewsPickdoubleAI raises $200M led by Lightspeed and Bessemer, backed by Nvidia and Dell
AIdoubleAI 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.
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