Overview

Petuum specializes in generative artificial intelligence and large language models, providing tools and frameworks for organizations to integrate advanced AI and machine learning into their operations. Their platforms, such as CASL and LLM360, allow clients to have complete control over their AI infrastructure, enabling customized and efficient deployment of AI solutions. Unlike many competitors, Petuum offers both proprietary and open-source initiatives, catering to a diverse range of clients from research institutions to large corporations. The company aims to foster transparency and trust through its open-source projects, like CrystalCoder and Amber, which support collaborative research. With a strong team of AI experts and significant funding, Petuum is dedicated to pushing the boundaries of AI research while helping clients save costs and enhance their operations.

Simplify's Take

What believers are saying

• Growing demand for AI explainability boosts Petuum's transparency-focused solutions.
• AI democratization trends align with Petuum's no-code development platform.
• Increased AI adoption in healthcare presents opportunities for Petuum's predictive analytics solutions.

What critics are saying

• Competition from similar open-source AI companies may reduce Petuum's market share.
• Rapid AI advancements could make Petuum's offerings obsolete without continuous innovation.
• Economic downturns might impact Petuum's ability to secure future funding.

What makes Petuum unique

• Petuum offers a no-code AI platform for easy application development.
• Their Symphony AI platform supports decentralized environments, enhancing edge computing capabilities.
• Petuum's open-source initiatives foster transparency and collaborative AI research.

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Funding

Total Funding

$105.1M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

SoftBank

Notable Investors:

SoftBank

$93,000,000

Series B

Oct 2017

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$65M

$93M

$100M

View all funding stages