Tech Company Financing Transactions
FedML Funding Round
On 7/19/2023, FedML raised $11.5 million in Seed funding from Camford Capital, Finality Capital Partners and Road Capital.
Transaction Overview
Company Name
Announced On
7/19/2023
Transaction Type
Venture Equity
Amount
$11,500,000
Round
Seed
Investors
Proceeds Purpose
The company will use the funds to combine MLOps tools with a decentralized AI compute network.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
440 N Wolfe Rd
Sunnyvale, CA 94085
USA
Sunnyvale, CA 94085
USA
Phone
Undisclosed
Website
Email Address
Overview
FedML (https://fedml.ai/) provides an open-source community and an enterprise platform for decentralized and collaborative AI, and a web 3 AI marketplace for everyone to monetize their data, ML models, and AI applications. FedML is led by renowned experts, backed by leading VCs, and has been adopted widely (3000+ open source community members, 1700+ enterprise users, and 10+ enterprise B2B customers) in healthcare, IoT, fintech/insurtech, smarty city, and web3.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Salman Avestimehr
Chief Technical Officer
Chaoyang He
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