Tech Company Financing Transactions
Flower Labs Funding Round
On 8/8/2023, Flower Labs raised $3.6 million in Seed funding from Y Combinator, Betaworks and Factorial Capital.
Transaction Overview
Company Name
Announced On
8/8/2023
Transaction Type
Venture Equity
Amount
$3,600,000
Round
Seed
Investors
Y Combinator (Lead Investor)
private investors (Clem Delangue)
Proceeds Purpose
The company will use the funds to grow its platform for federated learning. Beutel says that the round will be put toward expanding Flower's core team, growing its team of researchers and developers and accelerating the development of the open source software that powers Flower's framework and ecosystem.
Company Information
Company Status
Private & Independent
Industry
EdTech
Mailing Address
Winterhuder Weg 29 7. Stock
Hamburg, 22085
DE
Hamburg, 22085
DE
Phone
Undisclosed
Website
Email Address
Overview
Flower is the leading open-source framework for training better AI on distributed data using federated learning and other privacy-enhancing technologies. Industry leaders use Flower to easily collaborate on model training and are starting to transform high-value verticals like telecommunications (Nokia), healthcare (Korean AI Center for Drug Discovery), finance ([stealth]), automotive (Porsche), and personal computing (Brave). All AI today is based on public data, imagine where AI could be if it used all of the worlds' distributed private data.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Daniel Beutel
Chief Operating Officer
Taner Topal
Chief Scientific Officer
Nicholas Lane
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