Tech Company Financing Transactions
FedML Funding Round
FedML closed a $6 million financing round on 3/28/2023. Investors included Camford Capital, Acequia Capital and AimTop Ventures.
Transaction Overview
Company Name
Announced On
3/28/2023
Transaction Type
Venture Equity
Amount
$6,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to accelerate growth, both organically and externally, and expand operations.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
440 N Wolfe Rd
Sunnyvale, CA 94085
USA
Sunnyvale, CA 94085
USA
Phone
Undisclosed
Website
Email Address
Overview
FedML (https://fedml.ai/) provides an open-source community and an enterprise platform for decentralized and collaborative AI, and a web 3 AI marketplace for everyone to monetize their data, ML models, and AI applications. FedML is led by renowned experts, backed by leading VCs, and has been adopted widely (3000+ open source community members, 1700+ enterprise users, and 10+ enterprise B2B customers) in healthcare, IoT, fintech/insurtech, smarty city, and web3.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Salman Avestimehr
Chief Technical Officer
Chaoyang He
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We do our best to report on tech company VC transactions. VC investment data records reported here come from publicly available VC deal announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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