Tech Company Financing Transactions
Lightning AI Funding Round
On 6/16/2022, Lightning AI raised $40 million in Series B funding from Coatue Management, Bain Capital Ventures and Firstminute Capital.
Transaction Overview
Company Name
Announced On
6/16/2022
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series B
Investors
Coatue Management (Lead Investor)
Index Ventures (Sarah Cannon)
Proceeds Purpose
The new money will be used to expand Lightning AI's 60-person team while supporting the community around PyTorch Lightning development.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
32 Cooper Sq. 3
New York, NY 10003
USA
New York, NY 10003
USA
Phone
Undisclosed
Website
Email Address
Overview
Lightning AI (formerly Grid.ai or Grid AI) enables companies of all sizes to train state-of-the-art AI models on hundreds of cloud GPUs and TPUs from their laptops. From the creator of the popular framework PyTorch Lightning, Grid is a platform for training models that enables rapid research iteration.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
William Falcon
Chief Technical Officer
Luis Capelo
VP - Engineering
Ihar Mahaniok
VP - Human Resources
Alex Rose
VP - Operations
Kara Brothers-Phillips
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We report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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