FlexAI Launches with $30 Million in Seed Funding to Deliver Universal AI Compute [Yahoo! Finance]
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Source: Yahoo! Finance
PARIS, April 24, 2024 (GLOBE NEWSWIRE) -- FlexAI , the universal AI compute company, today launched with $30 million (€28.5 million) in seed funding led by Alpha Intelligence Capital (AIC), Elaia Partners, and Heartcore Capital. The company is rearchitecting compute infrastructure to accelerate world-changing breakthroughs made possible by advancements in AI. FlexAI unlocks access to more compute and increased efficiency, with less complexity for developers. Delivered as an on-demand cloud service, FlexAI's universal AI compute allows developers to seamlessly build and train AI applications with heterogeneous compute architectures. FlexAI addresses the three biggest obstacles inhibiting AI innovation: a compute supply bottleneck, a global skills shortage, and complex, unreliable processes for building and deploying AI models. The company is building an entirely new layer of software intelligence, abstraction, and orchestration into the AI compute stack, enabling developers to utili
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