webAI Raises Additional Funds to Democratize AI Access
webAI is focused on revolutionizing the AI infrastructure landscape by providing a distributed platform that enables enterprises to securely access and utilize AI technology without solely relying on cloud-based providers.
Company Name: webAI
Location: Austin, TX
Sector: AI, Distributed AI Infrastructure
Funding Details: Raised an undisclosed amount in additional funding, bringing the total to $60M. The round included participation from undisclosed investors.
Purpose of Investment: The company plans to use the funds to accelerate development efforts aimed at democratizing AI access and driving innovation in distributed AI infrastructure. webAI aims to provide enterprises with secure, localized alternatives to cloud-based AI providers.
Product and Innovation: Led by CEO David Stout, CRO Ethan Baird, and CIO Tyler Mauer, webAI is building a distributed AI infrastructure focused on personalized AI. The company’s platform allows enterprises to train, deploy, and execute AI models by providing a unified execution layer that integrates cloud-based services and local devices, streamlining AI operations and enhancing security.
Recent Developments: In addition to the funding announcement, webAI has appointed three new members to its board:
- Michael Abbott: Stanford University Computer Science Professor, Former VP Engineering of Apple Cloud Services, and General Partner at Kleiner Perkins
- David Beirne: Founder of X10 Capital and former General Partner at Benchmark Capital
- Dennis Durkin: Former CFO at Activision Blizzard and former CFO and COO at XBOX
About the Company: webAI is focused on revolutionizing the AI infrastructure landscape by providing a distributed platform that enables enterprises to securely access and utilize AI technology without solely relying on cloud-based providers. Its goal is to offer a more personalized, secure, and flexible AI solution for businesses.