Gradient, a Burlingame, CA-based API platform for AI developers, enabling companies to leverage their private data to build large-scale custom AI models, raised $10 million in seed funding.
SaaS Investors
The round was led by Wing VC, with participation from Mango Capital, Tokyo Black, The New Normal Fund, Secure Octane, and Global Founders Capital as well as dozens of leading AI & data practitioners from companies including Snowflake, Netflix, SAP, Figma, Airtable, Pinterest, Motive, and Openstore.
Founded in 2013, Wing Venture Capital is a venture capital firm based in Palo Alto, California. The firm prefers to make seed and series A investments in companies operating in the information technology, SaaS, cybersecurity, big data, infrastructure, blockchain, artificial intelligence, and machine learning sectors.
Gradient Use of Funds
The funding will be used to develop Gradient's enterprise-focused development platform and advance its mission of making AI accessible.
About Gradient
Gradient is an AI platform that empowers enterprises to leverage their private data to build custom AI solutions. The platform allows developers to create and combine thousands of fine-tuned language models (LLMs) with minimal complexity and cost. Gradient specializes in serving enterprises in healthcare and financial services, by providing specially trained domain expert models that outperform competitors. The company is on a mission to democratize AI access and power the next million AI models through its AI Cloud platform. It has nearly 20 employees and is based in Burlingame, CA.
Funding Details
Company: Preemo, Inc.
Raised: $10.OM
Round: Seed Round
Funding Month: October 2023
Lead Investors: Wing VC
Additional Investors: Mango Capital, Tokyo Black, The New Normal Fund, Secure Octane, Global Founders Capital
Company Website: https://gradient.ai/
Software Category: API Platform
Source: https://www.businesswire.com/news/home/20231005935546/en/