HPC-AI Tech, a San Francisco, CA-based AI startup specializing in AI Software Infrastructure and Video Generation, raised USD50m in Series A funding.
Backers included Singtel Innov8, Sinovation Ventures, Capstone Capital, Greater Bay Area Homeland, Lingfeng Capital, and Stony Creek Capital.
Founded by Yang You, a Presidential Young Professor at the National University of Singapore, HPC-AI Tech is known for its flagship software, Colossal-AI and Open-Sora, which enables enterprises to scale large AI workloads like GPT and LLaMA while offering a user-friendly environment. Open-Sora focuses on efficient video generation, making it easier for users to create high-quality videos using widely accessible tools.
In addition to these open-source projects, HPC-AI Tech offers two commercial platforms: hpc-ai.com and video-ocean.com. hpc-ai.com manages AI model training, fine-tuning, and deployment, setting itself up as the “new DataBricks for AI.” Meanwhile, video-ocean.com allows users to produce everything from TikTok-style videos to full-length films, democratizing video creation for all skill levels.
HPC-AI Tech’s roster of 50 key clients includes four Fortune 500 companies, with organizations like AWS, Alibaba, IBM, Intel, Grab, Panasonic, VIVO, Geely Auto, Bosch, Lambda Labs, and Oracle among its users.
The company intends to use the funds to accelerate the development of these platforms and help the company grow its client base to 300 in the next three years.
FinSMEs
30/09/2024