Tech Company Financing Transactions

FedML Funding Round

On 7/19/2023, FedML raised $11.5 million in Seed funding from Camford Capital, Finality Capital Partners and Road Capital.

Transaction Overview

Company Name
Announced On
7/19/2023
Transaction Type
Venture Equity
Amount
$11,500,000
Round
Seed
Proceeds Purpose
The company will use the funds to combine MLOps tools with a decentralized AI compute network.

Company Information

Company Status
Private & Independent
Industry
Software
Mailing Address
440 N Wolfe Rd
Sunnyvale, CA 94085
USA
Phone
Undisclosed
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
FedML LinkedIn Company Profile
Social Media
FedML Company Twitter Account
Company News
FedML News
Facebook
FedML on Facebook
YouTube
FedML on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Salman Avestimehr
  Salman  Avestimehr LinkedIn Profile  Salman  Avestimehr Twitter Account  Salman  Avestimehr News  Salman  Avestimehr on Facebook
Chief Technical Officer
Chaoyang He
  Chaoyang He LinkedIn Profile  Chaoyang He Twitter Account  Chaoyang He News  Chaoyang He on Facebook


 

 

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