Cake, a managed open-source AI infrastructure platform, at the moment introduced it has raised $13MM to deliver cutting-edge AI to the mid-market. The latest seed spherical was led by Gradient, Google’s early-stage AI fund, with prior pre-seed funding and participation from Major Enterprise Companions. Gradient and Major had been joined within the spherical by Alumni Ventures, Pals & Household Capital, Correlation Ventures, Firestreak Ventures, and lots of industry-veteran particular person buyers.
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Cake accelerates AI initiatives with a platform for seamless deployment, integration, and administration of dozens of in style open supply AI applied sciences. Cake’s platform transforms the most recent improvements into extensively out there, production-ready infrastructure, decreasing the barrier to entry round state-of-the-art AI for firms bottlenecked on engineering bandwidth.
“Firms in each sector are investing within the newest applied sciences with an eye fixed towards successful of their markets with AI,” mentioned Misha Herscu, CEO and co-founder of Cake. “Sadly, the cutting-edge has traditionally been the unique area of enormous ML engineering groups. At Cake, we’re working to make sure that companies of any dimension can confidently deploy the most recent applied sciences, inside days, and even hours, and with out requiring a military of engineers. Clients throughout monetary companies, healthcare, insurtech, e-commerce, and conventional SaaS already depend on Cake’s fully-managed AI infrastructure platform in manufacturing for core enterprise use instances.”
Cake enhances the uncooked energy and velocity of the open-source group with centralized platform capabilities, together with safety, person administration, price visibility and optimization, compute administration, system monitoring, and autoscaling. As well as, Cake’s ongoing help for upgraded variations of open-source AI packages permits prospects to remain up-to-date with out considerations about breaking present deployments.
“Our partnership with Cake has been a transparent strategic selection – we’re attaining the affect of two to 3 technical hires with the equal funding of half an FTE,” says Scott Stafford, CTO of Ping Knowledge Intelligence, an insurtech platform powered by machine studying. “Staying on the forefront of AI developments is important for us, whilst a younger firm, to stay aggressive and agile. Having Cake as a key associate on this journey gives invaluable confidence that we’re outfitted to evolve alongside these speedy modifications.”
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“As early buyers in AI firms reminiscent of Lambda Labs, Author, Streamlit, and lots of others, we’ve seen companies of all sizes wrestle to deploy fashions and AI instruments into manufacturing,” mentioned Darian Shirazi, Managing Associate at Gradient. “After we first met the crew at Cake, it was unbelievable to see the variety of prospects deeply engaged with their answer. Misha and Skyler haven’t solely constructed a product prospects need, they’re additionally extraordinarily devoted to listening, collaborating, and studying from non-technical firms seeking to deploy AI into manufacturing.”
Cake helps prospects keep on the AI frontier with a singular platform structure targeted on constantly integrating the most recent breakthroughs. The Cake structure separates the underlying platform infrastructure from loosely coupled open-source AI parts. This allows a uniquely versatile and modular method to managing an general AI atmosphere. New applied sciences are integrated as they emerge, and groups can simply improve to the most recent variations or undertake new parts completely – eliminating the chance of lock-in. Professional challenge help and pre-built templates for frequent use instances present extra steerage for AI leads, knowledge scientists, and MLOps engineers to confidently drive initiatives to manufacturing.
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