Tech Company Financing Transactions
HPC-AI Tech Funding Round
On 9/30/2024, HPC-AI Tech raised $50 million in Series A investment from SingTel Innov8, Capstone Partners and Greater Bay Area Investments.
Transaction Overview
Company Name
Announced On
9/30/2024
Transaction Type
Venture Equity
Amount
$50,000,000
Round
Series A
Investors
Proceeds Purpose
Founded by Yang You, a Presidential Young Professor at the National University of Singapore, HPC-AI Tech is known for its flagship software, Colossal-AI and Open-Sora, which enables enterprises to scale large AI workloads like GPT and LLaMA while offering a user-friendly environment. Open-Sora focuses on efficient video generation, making it easier for users to create high-quality videos using widely accessible tools.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
Room 2018, 17th Floor, No. 66, North Fourth Ring Road West H
Beijing, 100080
CN
Beijing, 100080
CN
Phone
Undisclosed
Website
Email Address
Overview
HPC-AI Tech offers vendor-supported, enterprise-grade solutions for Colossal-AI users, both on-premises and in the cloud. Our industry-leading technology accelerates and expands deep learning capabilities through parallel and distributed training, inference, and fine-tuning of large neural networks using high-performance computing to reduce your costs. We operate globally and serve clients in various industries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Zhengda Bian
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Our team works diligently to report on tech company VC transactions. VC investment data records reported here come from a variety of public sources. The information is sourced from VentureDeal.com, an affiliated venture.
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