AI model optimization startup OctoML raises $28M Series B round
Summary
Today’s Series B round was led by Addition, with participation from existing investors Madrona Venture Group and Amplify Partners. Led by Chief Executive Officer Luis Ceze, the company has created an open-source framework called Apache TVM that can be used to optimize artificial intelligence models for the specific processors they’re designed to run on. “This is because improving model performance without sacrificing accuracy requires endless manual optimizations and fine tuning, especially given the growing stack of ML software and hardware backends,” said Ceze. The platform supports dozens of popular ML frameworks including PyTorch, TensorFlow, and ONNX serialized models, as well as hardware backends like nVidia/CUDA, x86, AMD, ARM, Intel, MIPS. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money.