doubleAI raises $200M from Nvidia, Dell and others
SiliconANGLE: Nvidia, Dell back $200M round for AI model developer doubleAI
Artificial intelligence developer doubleAI today announced that it has raised $200 million in funding. Lightspeed and Bessemer co-led the Series A round. They were joined by Nvidia Corp., Dell Technologies Inc. and several others. CTech reported that the investment values doubleAI at more than $1 billion. Tel Aviv-based doubleAI, officially AA-I Technologies Ltd., has created […] The post Nvidia, Dell back $200M round for AI model developer doubleAI appeared first on SiliconANGLE.
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doubleAI, a Tel Aviv-based AI developer, raised $200 million in Series A funding led by two venture firms and backed by major technology companies including Nvidia and Dell. The company has created an AI model called Maxwell that automatically makes software code more efficient by analyzing how programs interact with data and underlying chips, and it operates on program binaries rather than source code, eliminating the need for manual developer changes. Maxwell has demonstrated capabilities beyond code optimization, including breaking a nearly 50-year-old chess record and contributing to mathematical discoveries, positioning doubleAI to compete with other AI developers working on research automation. The company plans to use half the funding to purchase graphics processors and sell Maxwell to enterprises seeking to reduce their AI workloads' hardware requirements.
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