Substrate's platform is designed to make it easier and more cost-effective for enterprises to harness advanced AI capabilities. The company believes its platform could accelerate the adoption of AI in various industries. The funding will be used to expand its platform, grow its team, and scale up its go-to-market efforts to reach more enterprise customers.
Key takeaways:
- Substrate, a startup founded by Rob Cheung and Ben Guo, has launched its artificial intelligence development platform and raised $8 million in a funding round led by Lightspeed Venture Partners.
- The platform aims to democratize AI by providing a unified platform for enterprises to build, deploy, and manage machine learning models and pipelines.
- Substrate's platform allows developers to create complex AI workflows by stitching together high-quality open-source models that have been curated and optimized by Substrate.
- The company believes its platform will make it significantly easier and more cost-effective for enterprises to harness the power of advanced AI capabilities like large language models and other generative AI techniques.