As the AI boom strains computing capacity, Nvidia has backed Indian startup Simplismart in a $14 million funding round, betting on software that helps companies run AI models more efficiently and, in some cases, with fewer GPUs.
AI inference infrastructure provider Modal Labs is nearing a $750 million funding round led by Accel at a $15.75 billion valuation that includes the investment, according to a been previously reported, though Axios and Bloomberg have reported other details of the deal
Ema, a startup that uses teams of AI agents to automate corporate processes across HR, IT, and finance, has raised $77 million in a new funding round as it aims to take on more of the work traditionally handled by enterprise software and IT services.
Thinking Machines, the AI lab founded early last year by former OpenAI CTO Mira Murati, is in discussions to raise $1 billion at a valuation of at least $40 billion, The Information reported Thursday. Existing backer Accel is in talks to lead the fundraise, according to our
