Arcee AI Raises Series B at a $1bn+ Valuation
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Arcee AI raises Series B at a $1bn+ valuation
“Organizations should not have to choose between the capabilities of a frontier model and the ability to control the technology at the center of their work,” said Mark McQuade, co-founder and chief executive of Arcee AI. The San Francisco company builds open-weight AI models. It has raised a Series B round that values it at […] This story continues at The Next Web
Arcee AI Reaches $1 Billion Valuation With Series B Funding
As enterprises and government organizations expand their use of artificial intelligence, control over how models are deployed, customized and operated... The post Arcee AI Reaches $1 Billion Valuation With Series B Funding appeared first on citybiz.
According to Fortune magazine, US-based AI startup Arcee AI has raised $150 million in Series B funding, valuing the company at $1 billion pre-money. The round was led by Vista Equity Partners, Cambium Capital, and Emergence Capital, with participation from Microsoft's M12, AI10 Ventures, Hitachi, IAG, P7, and Wipro. Arcee did not disclose the specific amount, but sources familiar with the matter said it was at least $150 million. Founded in 202…
Arcee AI, a startup of approximately 30 employees, raised $150 million with a valuation of more than $1 billion after training her AI family of models for about $20 million. Her Trinity family and the Open Weights bet seek to conquer regulated industries, while the company prepares to develop a model of a billion parameters.
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