Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

Decart nabs $32M at $500M+ valuation to build AI tech and 'open world' apps | TechCrunch

Dec 19, 2024 - techcrunch.com
Decart, a San Francisco-based startup with operations in Israel, has emerged from stealth with significant backing and ambitions to become a "kilocorn," or a trillion-dollar company. Co-founded by Dean Leitersdorf and Moshe Shalev, Decart is building a vertically integrated AI research lab and has launched two products: a GPU optimization tool for enterprises and a consumer AI model called Oasis. The company recently raised $32 million in a Series A round led by Benchmark, following a $21 million seed round from Sequoia and Zeev Ventures, bringing its valuation to over $500 million. Decart's optimization software is already generating millions in revenue, reducing AI operational costs significantly, and the company is profitable.

Decart focuses on systems, models, and data, with its optimization product serving as a financial engine while in stealth. The Oasis AI model offers real-time, interactive experiences, with plans for more generative AI-powered experiences, including AR and VR, without relying on specific hardware. Despite its rapid growth and market interest, Decart has yet to address potential misuse of its technology. The company prioritizes user engagement and revenue generation, with Leitersdorf emphasizing the importance of users in shaping the company's success.

Key takeaways:

```html
  • Decart, a startup with significant backing, is building a vertically integrated AI research lab and has launched products for both enterprise and consumer markets.
  • The company's first enterprise product optimizes GPU usage, significantly reducing operational costs, and is already generating millions in revenue.
  • Decart has raised $32 million in a Series A round, bringing its valuation to over $500 million, just two months after a $21 million seed round.
  • Decart's consumer product, Oasis, is a playable AI model with millions of users, and the company plans to expand into more generative AI experiences.
```
View Full Article

Comments (0)

Be the first to comment!