The company was founded in New York in 2022 by Misha Herscu (CEO) and Skyler Thomas (CTO). Cake aims to solve the "big picture problem" of integrating various components across a rich ecosystem and making it production-ready. The company provides bundled, managed, open-source AI infrastructure for small teams. It plans to introduce a hosted version of Cake in the future, but currently, companies have to run it in their own environments. Cake is already looking towards its next financing round, with plans to raise again around mid-2025.
Key takeaways:
- Cake, a company that helps businesses compile their open-source AI infrastructure, has emerged from stealth with backing from Google’s AI-focused venture fund, Gradient Ventures.
- The company integrates and secures more than 100 components for enterprises, including data source adapters, data ingestion, data labelling, vector and graph databases, generative AI APIs and related tools.
- Cake has raised $13 million since its inception, including a recent $10 million seed round led by Google’s Gradient Ventures.
- The company is already working with customers like AI bioscience startup Altis Labs and data intelligence insurtech Ping and is looking towards its next financing round, tentatively planned for mid-2025.