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About Lamini AI
Industries
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$24.3M
Headquarters
Menlo Park, California
Founded
2022
Overview
Lamini AI specializes in developing enterprise software using generative AI and machine learning. The company offers a Large Language Model (LLM) engine that helps businesses automate workflows and enhance productivity. Their product allows engineering teams to create customized AI applications that utilize their own data, making them more effective than general-purpose models. Lamini provides a library and an API that enables software engineers to quickly develop and deploy AI models without the burden of hosting or computational issues. The company generates revenue by offering its LLM engine as a service, allowing clients to train specialized language models on their unique datasets. Lamini's goal is to make generative AI accessible and tailored for businesses, improving their software development processes.
Simplify's Take
What believers are saying
- Lamini secured $25M funding for scaling operations and technical advancements.
- Collaboration with AMD enhances Lamini's high-performance computing capabilities.
- Lamini's Memory Tuning achieves 95% accuracy, attracting enterprise clients.
What critics are saying
- Increased competition from well-funded AI startups like Proxima and Borderless AI.
- Reliance on external funding may pressure Lamini for quick returns.
- Supply chain risks from AMD collaboration could affect hardware availability.
What makes Lamini AI unique
- Lamini offers a unique LLM engine tailored for enterprise-specific AI applications.
- The company provides an API for seamless model deployment without hosting concerns.
- Lamini's Memory Tuning significantly reduces hallucinations, enhancing LLM reliability.
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Funding
Total Funding
$24.3M
Above
Industry Average
Funded Over
1 Rounds
First Round CapitalIndustry standards
Growth & Insights and Company News
6 month growth
↑ 22%1 year growth
↑ 15%2 year growth
↑ 22%Bernard Arnault, founder and CEO of luxury goods company LVMH and the fourth-richest person in the world, has reportedly made several investments in artificial intelligence (AI) companies. Arnault’s family office, Aglaé Ventures, has made five AI-related investments in 2024, CNBC reported Monday (Aug. 19), citing data provided to it exclusively by private wealth intelligence platform Fintrx. These investments include H, a French startup formerly known as Holistic AI; Lamini, a California-based startup focused on enterprise AI applications; Proxima, a New York-based AI-powered digital marketing company; Borderless AI, a Toronto-based human resource management platform; and Photoroom, a France-based AI image editor, according to the report
We want to hear from you! Take our quick AI survey and share your insights on the current state of AI, how you’re implementing it, and what you expect to see in the future. Learn More. Capping the second day featuring insights from enterprise AI and data leaders during VB Transform 2024 in San Francisco, VentureBeat announced the winners of the sixth annual AI Innovation Awards. The awards recognized enterprise implementation, innovation, startup promise and visionary and inclusivity initiatives in generative AI. Nine awards were given in five categories: Generative AI Innovator of the Year, Best Enterprise Implementation of Generative AI, Most Promising Generative AI Startup, Generative AI Visionary, Generative AI Diversity and Inclusion and Generative AI Open Source Contribution.The nominees and winners were drawn from our daily editorial coverage and the expertise, knowledge and experience of our nominating committee members.Thank you to our nominating committee members for their guidance, insights and recommendations:. Register to access VB Transform On-DemandIn-person passes for VB Transform 2024 are now sold out! Don't miss outâregister now for exclusive on-demand access available after the conference. Learn MoreJonathan Frankle, Chief Scientist for neural networks at DatabricksDiya Wynn, Responsible AI lead at AWS. Tonya Custis, Senior Director of AI research at AutodeskPrem Natarajan, Chief Scientist and head of enterprise AI at Capital OneKalyan Veeramachaneni, Principal Research Scientist at MIT College of Computing
We want to hear from you! Take our quick AI survey and share your insights on the current state of AI, how you’re implementing it, and what you expect to see in the future. Learn More. As enterprise decision-makers get ready for VentureBeat’s flagship enterprise AI event, VB Transform next week, we are excited to announce the finalists for the sixth annual VB AI Innovation Awards.The winners will be announced during an awards ceremony on the main stage of Transform on July 10, 4-5 p.m. in San Francisco. Transform, the premier event for enterprise technical decision-makers focused on mastering generative AI applications, is set to take place from July 9 to 11. This exclusive three-day in-person gathering offers a unique opportunity to explore the impact of gen AI across crucial sectors including health, finance, and software. Attendees will gain valuable insights from a diverse lineup of speakers, featuring tech leaders from Fortune 500 firms including Wells Fargo, Walmart and Kaiser Permanente, and innovative and disruptive companies like Brex, Pinterest and Airbnb.On July 10, VentureBeat will recognize and award various forms of excellence in AI through our sixth annual VB AI Innovation Awards
Lamini AI has introduced a groundbreaking advancement in large language models (LLMs) with the release of Lamini Memory Tuning.
Lamini, a startup based in Palo Alto, CA, has secured $25 million in seed and Series A funding to enhance its platform for deploying generative AI applications in enterprises. The investment was led by Amplify Partners and First Round Capital, with notable contributors including Andrew Ng and Andrej Karpathy. The funds will be used for technical advancements and team expansion to support enterprise needs at scale.
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About Lamini AI
Industries
Enterprise Software
AI & Machine Learning
Company Size
11-50
Company Stage
Series A
Total Funding
$24.3M
Headquarters
Menlo Park, California
Founded
2022
Lamini AI is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today