Lightning AI (Formerly Grid.ai)

Lightning AI (Formerly Grid.ai)

Enables companies of all sizes to train state-of-the-art AI models on hundreds of cloud GPUs and CPUs from their laptops. Learn more

Launch date
Market cap
-
Enterprise valuation
€145—218m (Dealroom.co estimates Jun 2022.)
New York City New York (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD202020212022
Revenues<1m3.1m6.9m
% growth-276 %122 %
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DateInvestorsAmountRound

N/A

Seed

$18.6m

Series A
*

$40.0m

Series B
Total Funding€53.3m

Recent News about Lightning AI (Formerly Grid.ai)

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More about Lightning AI (Formerly Grid.ai)info icon
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Grid AI, now known as Lightning AI, is a forward-thinking startup focused on simplifying the use of artificial intelligence (AI) and machine learning (ML) for businesses and researchers. The company operates in the AI and ML market, which is rapidly growing as more industries seek to leverage these technologies for various applications. Lightning AI aims to democratize state-of-the-art AI research by allowing users to concentrate on developing machine learning models rather than dealing with the complexities of infrastructure.

The company serves a diverse range of clients, including researchers in computer vision and neuroscience, consultants working on industrial problems, and organizations involved in accelerated drug discovery and macroeconomic analysis. By providing a platform that manages the infrastructure required for machine learning operations (MLOps), Lightning AI helps these clients deploy their models into production 50% faster, thereby increasing efficiency and reducing time-to-market.

Lightning AI's business model revolves around offering a subscription-based platform where users pay for access to its suite of tools and services. This includes everything from data preprocessing and model training to deployment and monitoring. By handling the backend infrastructure, Lightning AI allows its clients to focus solely on their core research and development activities.

Revenue is generated through subscription fees, which can vary based on the level of service and the specific needs of the client. This model ensures a steady stream of income while also providing scalability as more users adopt the platform.

In summary, Lightning AI is a key player in the AI and ML market, offering a platform that simplifies the deployment and management of machine learning models. By focusing on infrastructure, the company enables its clients to accelerate their research and application development, making advanced AI accessible to a broader audience.

Keywords: AI, machine learning, infrastructure, MLOps, subscription, platform, research, deployment, efficiency, scalability.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.