HPC-AI Tech Raises $50M in Series A Funding to Scale AI Software Infrastructure and Video Generation Platforms
HPC-AI Tech specializes in providing cutting-edge AI infrastructure and video generation tools, with a focus on scalability and accessibility.
Company Name: HPC-AI Tech
Location: San Francisco, CA
Sector: AI Software Infrastructure, Video Generation
Funding Details: Raised $50 million in Series A funding. Backers included Singtel Innov8, Sinovation Ventures, Capstone Capital, Greater Bay Area Homeland, Lingfeng Capital, and Stony Creek Capital.
Purpose of Investment: The company plans to use the funds to accelerate the development of its AI platforms and grow its client base to 300 over the next three years.
Product and Innovation: Founded by Yang You, a Presidential Young Professor at the National University of Singapore, HPC-AI Tech is known for its flagship software, Colossal-AI and Open-Sora. Colossal-AI enables enterprises to scale large AI workloads, such as GPT and LLaMA, while offering a user-friendly environment for AI development. Open-Sora specializes in efficient video generation, allowing users to create high-quality videos with accessible tools.
In addition to these open-source projects, the company offers two commercial platforms:
- hpc-ai.com: Manages AI model training, fine-tuning, and deployment, positioning itself as the "new DataBricks for AI."
- video-ocean.com: Allows users to create videos ranging from TikTok-style clips to full-length films, democratizing video creation for users of all skill levels.
Recent Developments: HPC-AI Tech currently works with 50 key clients, including four Fortune 500 companies. Users of the platform include AWS, Alibaba, IBM, Intel, Grab, Panasonic, VIVO, Geely Auto, Bosch, Lambda Labs, and Oracle.
About the Company: HPC-AI Tech specializes in providing cutting-edge AI infrastructure and video generation tools, with a focus on scalability and accessibility. The company’s platforms are designed to empower enterprises and individuals alike to leverage AI technology for large-scale applications and creative projects.