Tech Company Financing Transactions

Substrate Funding Round

Substrate, operating out of Brooklyn, secured $8 million from Lightspeed Venture Partners, Craft Ventures and private investors.

Transaction Overview

Company Name
Announced On
6/20/2024
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to expand its market for inference solutions and bring modern AI capabilities to all software engineers.

Company Information

Company Status
Private & Independent
Industry
Infrastructure
Mailing Address
Undisclosed
Brooklyn, NY Undisclosed
USA
Phone
Undisclosed
Email Address
Not Recorded
Overview
Build using a cohesive modular API with optimized models, colocated file and vector storage, a code interpreter, and logical control flow. Substrate is designed to describe and run multi-inference workloads as fast as possible in a system that maximizes parallelism, throughput, and data locality. You'll get perfect parallelism, opportunistic batching, zero roundtrips, and near-instant communication between nodes -- without writing any complex code.
Profile
Substrate LinkedIn Company Profile
Social Media
Substrate Company Twitter Account
Company News
Substrate News
Facebook
Substrate on Facebook
YouTube
Substrate on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Rob Cheung
  Rob Cheung LinkedIn Profile  Rob Cheung Twitter Account  Rob Cheung News  Rob Cheung on Facebook
Co-Founder
Ben Guo
  Ben Guo LinkedIn Profile  Ben Guo Twitter Account  Ben Guo News  Ben Guo on Facebook


 

 

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Next: 6/20/2024: Qblox venture capital transaction

 

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We do our best to report on every notable VC transaction. VC investment data records on this site are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.

 


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