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

Exclusive: Pruna AI raises $6.5 million with this pitch deck

Nov 18, 2024 - businessinsider.com
Pruna AI, a Paris and Munich-based software startup, has raised $6.5 million from EQT Ventures to develop an optimization tool for compressing AI models. The tool aims to make AI models smaller, cheaper, and more energy-efficient, similar to a zip file that compresses data. The company's clients are primarily midsize to large companies with their own AI models, and the platform has reportedly helped these companies significantly reduce the costs of running these models.

The startup plans to use the new funding to expand its team. Additional investors in the round included Daphni, Motier, and Kima, as well as angel investors Roxanne Varza, Hervé Nivon, and Olivier Pomel. Pruna's presence in both Paris and Munich is seen as a significant advantage, enabling access to top talent and software.

Key takeaways:

  • Pruna AI has raised $6.5 million from EQT Ventures to develop an optimization tool for compressing AI models, making them smaller, cheaper, and greener.
  • The startup's customers are midsize to large companies with their own AI models that can significantly reduce the costs of running these AI models using Pruna's platform.
  • Pruna charges its customers based on the usage of the compressed model, which is typically much cheaper to run than the non-compressed version.
  • With the new funding, Pruna plans to double down on growing its team.
View Full Article

Comments (0)

Be the first to comment!