webAI, an Austin, TX-based provider of an AI development platform that provides enterprises with localized AI infrastructure, raised an additional undisclosed amount in funding.
The round, which brought the total amount to $60M, included participation from undisclosed investors.
The company intends to use the funds to expand its development efforts to accelerate its mission to democratize AI access and drive innovation in the distributed AI field, giving enterprises a secure alternative to cloud-based AI providers.
Led by CEO David Stout, CRO Ethan Baird, and CIO Tyler Mauer, webAI is creating a distributed Al infrastructure dedicated to personalized Al. The company aims to streamline the training, deployment, and execution of AI models by offering a unified execution layer for AI that integrates cloud-based services and local devices.
webAI also announced the appointment of three new members to its board as follows:
- Michael Abbott: Stanford University Computer Science Professor, Former VP Engineering of Apple Cloud Services, and GP at Kleiner Perkins
- David Beirne: Founder of X10 Capital and former General Partner at Benchmark Capital
- Dennis Durkin: Former CFO at Activision Blizzard and former CFO and COO at XBOX
FinSMEs
11/09/2024