Prodia, an Atlanta, Georgia-based distributed network of GPUs for AI inference solutions, has secured $15 million in seed funding.
Investors
The round was led by Dragonfly Capital, with participation from prominent firms and individuals in the tech and investment space, such as HashKey, Web3.com, Index Ventures, Symbolic Capital, and others. Individual investors include Sandeep Nailwal (Polygon), Matthew Roszak, and Balaji Srinivasan.
Dragonfly is a global crypto venture capital and research firm founded in 2018. Operating across 12 countries, it invests in seed, venture, and growth-stage companies within the crypto ecosystem. Dragonfly's $2.5 billion assets under management (AUM) support innovative crypto companies in sectors like DeFi, CeFi, NFTs, and infrastructure. Leveraging global market knowledge and empirical research, Dragonfly provides strategic support for lasting success.
Prodia Use of Funds
The company plans to use the funding to support expansion into generative video technologies, enhance support for large language models (LLMs), and broaden compatibility with various GPU hardware and providers.
About Prodia
Founded by Monty Anderson, Mikhail Avady, and Shawn Wilkinson, Prodia operates as a distributed GPU cloud specifically designed for AI inference. They simplify AI integration with its efficient computing engine and user-friendly API. Their platform enables developers to seamlessly integrate cutting-edge AI models into applications, bypassing the complexities of GPU management.
Funding Details
Company: Prodia Inc.
Raised: $15.0M
Round: Seed Round
Funding Month: July 2024
Lead Investors: Dragonfly Capital
Additional Investors: HashKey, Web3.com, Index Ventures, Symbolic Capital, Sandeep Nailwal (Polygon), Matthew Roszak, Balaji Srinivasan
Company Website: https://prodia.com/
Software Category: AI Image Generation
Source: https://www.prnewswire.com/news-releases/prodia-raises-15m-to-build-more-scalable-affordable-ai-inference-solutions-with-a-distributed-network-of-gpus-302187378.html