FlexAI's concept of "universal AI compute" will allocate user requirements to the most suitable architecture for the job, taking care of necessary conversions across different platforms. The company aims to bring AI compute infrastructure to the same level of simplicity as the general-purpose cloud. The seed round was led by Alpha Intelligence Capital, Elaia Partners, and Heartcore Capital, with participation from Frst Capital, Motier Ventures, Partech, and InstaDeep CEO Karim Beguir.
Key takeaways:
- French startup FlexAI has raised €28.5 million ($30 million) in seed funding to develop an on-demand cloud service for AI training.
- The company aims to simplify AI compute infrastructure, making it as easy to use as general cloud services.
- FlexAI's service will allow developers to run their workloads and deploy AI models across multiple architectures, paying on a usage basis rather than renting GPUs on a dollars-per-hour basis.
- FlexAI plans to build its own data centers in the future, funded by debt financing, with the intention of using GPUs as collateral to secure loans.