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Venture Capital News: EdgeRunner AI Launches With $5.5M

2024-07-19
SEATTLE, WA, EdgeRunner AI, a new startup building Generative AI for the edge, announced its official launch and the closing of a $5.5 million seed funding round.
The round was led by Four Rivers Group with participation from Madrona Ventures and strategic angels. The funding will go towards building EdgeRunner AI's innovative platform, powered by state-of-the-art transparent models designed to operate seamlessly on any device or hardware without requiring internet access. This technology will transform how enterprises and organizations responsibly deploy Generative AI, providing them with hyper-personalization and domain specific use cases.

EdgeRunner AI is a transformative startup on a mission to build Generative AI for the edge that is safe, secure, and transparent. EdgeRunner AI develops small, task-specific Ultra-Efficient Language Models (UELMs) that operate without needing internet access, improving data privacy, security, and compliance. By providing Generative AI solutions that run locally on any device or hardware, EdgeRunner AI enables enterprises and organizations to leverage AI technology responsibly, without compromising performance or security.
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