Modular Secures $100 Million to Enhance Its AI Infrastructure Platform for Developers
In Brief
Modular, a renowned AI infrastructure provider, has successfully secured $100 million in its latest funding initiative led by General Catalyst.
Notable investors such as GV (formerly Google Ventures), SV Angel, Greylock, and Factory also took part in this funding round.
The company's goal is to assist developers in streamlining their AI technology stacks, thereby speeding up the product development process.
AI infrastructure provider Modular The recent funding announcement revealed participation from key existing investors like GV, SV Angel, Greylock, and Factory.
The new funding follows Modular’s $30 million round The organization claims that its AI infrastructure seamlessly integrates into client systems while keeping migration costs low, supporting a wide range of cloud services, hardware accelerators, and AI frameworks.
Deep Nishar, Managing Director at General Catalyst, expressed his confidence in Modular, highlighting the significant expertise of the co-founders, particularly in their transformative role in the compilation landscape for the past two decades, which has fueled current advancements in AI through their work on TensorFlow.
Modular was founded by Chris Lattner (co-founder & CEO) and Tim Davis The co-founders, whose paths crossed while they were at Google, form a dynamic team.
Lattner has developed AI and foundational systems at renowned tech giants including Apple, Google, SiFive, and Tesla.
Similarly, Davis has played a crucial role in establishing and nurturing major sectors within Google’s AI infrastructure at Google Brain.
Through its cutting-edge infrastructure solutions, Modular strives to empower developers to optimize their AI technology stacks, accelerate the innovation of new products, and enhance the accessibility of AI technology.
Recently, the company unveiled the Modular Inference Engine designed to simplify the deployment of AI solutions.
This engine claims the title of 'the fastest unified AI engine globally,' boasting compatibility with several frameworks like TensorFlow and PyTorch. Presently optimized for CPUs, support for GPUs is expected to roll out in the coming fall.
Modular’s Unique Programming Language
Additionally, the company has launched Mojo, a proprietary programming language created specifically for AI developers. During its development phase, Mojo claims a speed advantage of 35,000 times compared to Python, blending the ease of use of Python with the efficiency of C.
At the same time, Modular has announced exciting plans to make Mojo available on desktop, coupled with a robust developer toolkit. The ability to run Mojo locally has emerged as the most sought-after feature among its developer community.
Modular views this capability as a potential springboard for creativity and collaboration within the Mojo developer ecosystem.
The company is offering a preview Early adopters are currently receiving access to the Mojo SDK, with a broader rollout scheduled for early September.
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