EdgeRunner AI, a Seattle, WA-based startup building Generative AI for the edge, closed a $5.5m seed funding round.
The round was led by Four Rivers Group with participation from Madrona Ventures and strategic angels.
Four Rivers Group, Madrona Ventures,
The company intends to use the funds to build its platform, powered by state-of-the-art transparent models designed to operate on any device or hardware without requiring internet access.
Led by Tyler Xuan Saltsman, Co-Founder and CEO, and Colton Malkerson, Co-Founder & COO, EdgeRunner AI aims to build Generative AI for the edge that is safe, secure, and transparent. The company develops small, task-specific Ultra-Efficient Language Models (UELMs) that operate without needing internet access, improving data privacy, security, and compliance. By providing Generative AI solutions that run locally on any device or hardware, the system enables enterprises and organizations to leverage AI technology responsibly, without compromising performance or security.
By developing small, task-specific open models optimized for any chip, EdgeRunner AI elevates SLMs (Small Language Models) into Ultra-Efficient Language Models (UELMs). This allows organizations to run AI models locally on any device or hardware, resulting in improved performance, increased data privacy, near zero latency, and reduced power consumption, for a better, more sustainable future.
“Enterprises and governments don’t need GPT-5 or AGI. What they need is to responsibly deploy Generative AI to solve their real-world business challenges using multiple small, task-specific open models working together to create swarm intelligence,” said of EdgeRunner AI.
FinSMEs
18/07/2024