AI startup Giga ML raises $3.6 million in seed funding from Nexus Venture Partners, Y Combinator, others
Deep learning startup funding: Giga ML, which offers enterprises customisable large language models (LLMs), has secured $3.6 million in seed funding led by the venture capital Nexus Ventures Partners. The round also saw the contribution of startup accelerator Y Combinator and Liquid 2 Venture, 8vdx, and angel investors such as Garry Tan, the President and CEO of Y Combinator. The startup was founded by IIT-Kharagpur graduates Varun Vummadi and Esha Manideep Dinne in 2023.
An LLM is an artificial intelligence (AI) algorithm that leverages deep learning methods and extensive datasets to comprehend and create new content. It is also closely linked to generative AI and ChatGPT, RoBERTa, BERT etc., are some of the examples of language models. Giga ML helps businesses deploy LLMs such as GPT-4 directly on their own services.
According to GigaML, it helps enterprises with the deployment of AI and LLMs backed solutions for their operations by overcoming challenges around data security associated with the open source. Its X1 Large 32k model has higher adaptability and power to adjust better than the Ilama2 70B 4k model, open-source LLM., the company said.
“At Giga ML, our utmost priority is to ensure the privacy and security of enterprise data. Our goal is to position our company as the leading provider of on-premise secure LLMs, allowing enterprises to leverage the power of LLMs without compromising their data integrity,” said Vummadi.
Giga ML, for now, works in helping enterprises with customer support and generating programming codes for the engineering teams. However, it plans to further diversify its operations in the coming times.
“GigaML is the missing layer that Llama 2 really needs – open source LLM models are a
Read more on financialexpress.com
