The startup claims that its technology has surpassed Nvidia’s DGX in terms of performance speed and GPU memory capacity. Moreh also stated that AI developers could reduce a tenth of the total time required to initiate training for large AI models via its software. The company started generating revenue in 2021 and aims to reach approximately $30 million by the end of 2023. The recent funding will be used for research and development, product expansion, and hiring additional staff.
Key takeaways:
- Moreh, an AI software startup, has raised a $22 million Series B round, bringing its total funding to $30 million. Investors include Advanced Micro Devices (AMD) and Korean telco KT.
- The company's flagship AI software, MoAI, is similar to Nvidia’s CUDA but is compatible with existing machine learning frameworks like Meta’s PyTorch and Google’s TensorFlow.
- Moreh's AI solutions allow users to build more flexible AI infrastructure, and its software enables GPUs and other AI chips to operate AI models without any code changes.
- KT has been working with Moreh since 2021 to build a cost-effective, scalable AI infrastructure powered by AMD GPUs and MoAI software. Moreh's technology has reportedly surpassed Nvidia’s DGX in terms of performance speed and GPU memory capacity.