Tech Company Financing Transactions

Lightning AI Funding Round

On 6/16/2022, Lightning AI raised $40 million in Series B funding from Coatue Management, Bain Capital Ventures and Firstminute Capital.

Transaction Overview

Company Name
Announced On
6/16/2022
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series B
Proceeds Purpose
The new money will be used to expand Lightning AI's 60-person team while supporting the community around PyTorch Lightning development.

Company Information

Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
32 Cooper Sq. 3
New York, NY 10003
USA
Phone
Undisclosed
Email Address
Overview
Lightning AI (formerly Grid.ai or Grid AI) enables companies of all sizes to train state-of-the-art AI models on hundreds of cloud GPUs and TPUs from their laptops. From the creator of the popular framework PyTorch Lightning, Grid is a platform for training models that enables rapid research iteration.
Profile
Lightning AI LinkedIn Company Profile
Social Media
Lightning AI Company Twitter Account
Company News
Lightning AI News
Facebook
Lightning AI on Facebook
YouTube
Lightning AI on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
William Falcon
  William Falcon LinkedIn Profile  William Falcon Twitter Account  William Falcon News  William Falcon on Facebook
Chief Technical Officer
Luis Capelo
  Luis Capelo LinkedIn Profile  Luis Capelo Twitter Account  Luis Capelo News  Luis Capelo on Facebook
VP - Engineering
Ihar Mahaniok
  Ihar Mahaniok LinkedIn Profile  Ihar Mahaniok Twitter Account  Ihar Mahaniok News  Ihar Mahaniok on Facebook
VP - Human Resources
Alex Rose
  Alex Rose LinkedIn Profile  Alex Rose Twitter Account  Alex Rose News  Alex Rose on Facebook
VP - Operations
Kara Brothers-Phillips
  Kara Brothers-Phillips LinkedIn Profile  Kara Brothers-Phillips Twitter Account  Kara Brothers-Phillips News  Kara Brothers-Phillips on Facebook


 

 

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We report on all VC transactions involving tech companies. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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