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FedML Closes $11.5 Million Seed Round to Help Companies Build and Train Custom Generative AI Models

SUNNYVALE, Calif.–(BUSINESS WIRE)–July 19, 2023–

FedML today announced that it closed $11.5 million in seed funding to expand development and adoption for its distributed MLOps platform, which helps companies efficiently train and serve custom generative AI and large language models using proprietary data, while reducing costs through decentralized GPU cloud resources shared by the community.

The oversubscribed funding round was fueled by growing investor interest and market demand for…

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