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Home»Machine-Learning»Lightning AI Raises $50Million to Simplify and Scale AI Growth For Enterprises and Builders
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Lightning AI Raises $50Million to Simplify and Scale AI Growth For Enterprises and Builders

Editorial TeamBy Editorial TeamNovember 22, 2024Updated:November 22, 2024No Comments3 Mins Read
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Lightning AI Raises Million to Simplify and Scale AI Growth For Enterprises and Builders
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Accelerates Lightning AI’s Mission to Be The Working System For AI Growth

 Lightning AI, creator of the PyTorch Lightning framework, introduced a $50 million fairness funding from Cisco Investments, J.P. Morgan, K5 World and NVIDIA, bringing complete funding to $103 million.

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Since launching 12 months in the past, Lightning AI has gained 240,000 customers throughout 2,000 organizations, with PyTorch Lightning surpassing 160 million downloads. Lightning’s multiplayer, cloud-based, persistent improvement environments make AI improvement – mannequin finetuning, deploying, agent constructing, and so forth – as intuitive as utilizing the iPhone.

Lightning frees enterprises and builders from the burden and expense of constructing advanced platforms whereas nonetheless integrating with all their favourite ML instruments like Open AI, VSCode and plenty of others.

Lightning additionally presents pay-as-you-go pricing, with a free tier that features 22 GPU hours per 30 days, and enterprise choices to deploy on non-public clouds with SOC2, HIPAA, and extra.

Amongst its many buyer success tales, Lightning AI not too long ago helped a fortune 100 firm minimize infrastructure setup time from 30 days to 2 and enabled Columbia researchers to complete tons of of experiments in 12 hours as an alternative of 60 days.

Traditionally, enterprises have struggled with fragmented, in-house ML infrastructure requiring groups of engineers to take care of, which rapidly turns into outdated. Lightning AI eliminates this complexity by unifying dozens of separate instruments into one, multi-cloud platform, providing full, low-, and no-code options to coach and deploy fashions, construct clever brokers, code collectively on cloud GPUs, host AI apps and extra – all securely on enterprises’ most popular cloud infrastructure.

All of that is delivered in a seamless, user-friendly expertise beloved by 240K+ AI builders, and powered by NVIDIA’s newest GPUs, together with H100s. Lightning allows organizations to construct and deploy AI in weeks not months, serving to organizations iterate rapidly regardless of a each day altering AI panorama.

Lightning AI proves that standardized options will be each adaptable and scalable whereas retaining the flexibleness of customized platforms. With over 160 million downloads, PyTorch Lightning has proven that simplicity and suppleness can coexist, overcoming developer skepticism.

“Constructing your individual AI platform as we speak is like constructing your individual Slack—it’s advanced, pricey, and never core to your online business,” mentioned William Falcon, Founder and CEO of Lightning AI. “The worth for enterprises lies of their knowledge, area data, and distinctive fashions—not in sustaining AI infrastructure.”

“We’ve hundreds of builders single-handedly coaching and deploying fashions at a scale that may have required groups of builders with out Lightning,” mentioned Falcon.

As this 12 months’s chair of the PyTorch Basis’s Technical Advisory Council, Lightning AI continues to steer innovation in AI tooling. AI, or Software program 2.0, requires a paradigm shift from conventional software program improvement as a result of it requires many GPUs, huge datasets, and collaborative workflows. Simply as AWS turned the muse for Software program 1.0, Lightning AI is positioned to be the foundational platform for Software program 2.0.

Additionally Learn: Use Moral AI to Navigate Behavioral Well being Innovation

[To share your insights with us as part of editorial or sponsored content, please write to psen@itechseries.com]



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