Lemurian Labs, a Toronto, Canada-based company providing computing solutions with a platform for AI applications, raised $9M in funding.
The round was led by Oval Park Capital, with participation from Good Growth Capital, Raptor Group and Alumni Ventures, Untapped Ventures, Plug and Play Ventures, Silicon Catalyst Angels, Blue Lake Capital, Futureland Ventures, AI Operators Fund and Tola Capital.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Jay Dawani, Lemurian Labs provides solutions that aim to solve AI’s compute capacity limitations and to redefine the boundaries of processing power. Founded by accomplished experts in the domains of AI, technology and business at leading companies and organizations like NVIDIA, Intel, and Microsoft, the company is developing an accelerated computing platform to expedite AI workloads with greater throughput at a fraction of the cost and power consumption than legacy GPUs.
FinSMEs
05/10/2023