EDGE
  • home.svg
    Home
  • news.svg
    All updates
  • news.svg
    EDGE Insights
  • list.svg
    Industries
  • db-search.svg
    Company Search
  • company-list.svg
    My Watchlists (Beta)
All Updates

All Updates

icon
Filter
Funding
FedML raises USD 11.5 million in seed funding
Machine Learning Infrastructure
Jul 19, 2023
This week:
Funding
Matr Foods raises EUR 20 million in debt funding to build mycelium meat factory
Plant-based Meat
Today
Last week:
M&A
Platform Science to acquire Trimble's global transportation telematics business units
Truck Industry Tech
Yesterday
Funding
Whatfix raises USD 100 million in Series E funding to expand business
EdTech: Corporate Learning
Yesterday
Product updates
Sky Mavis launches cross-game onboarding solution
Web3 Ecosystem
Sep 14, 2024
Funding
Bicara Therapeutics raises USD 315 million in IPO; plans to develop lead candidate ficerafusp alfa
Precision Medicine
Sep 13, 2024
Partnerships
Massive Bio and Foundation Medicine partner to improve cancer clinical trial enrollment
Precision Medicine
Sep 13, 2024
Partnerships
Moffitt Cancer Center partners with AstraZeneca to advance oncology cell therapies
Cell & Gene Therapy
Sep 13, 2024
Product updates
Quandela launches European quantum computer in North America
Quantum Computing
Sep 13, 2024
Partnerships
IonQ achieves high qubit gate fidelity on barium development platform
Quantum Computing
Sep 13, 2024
Partnerships
Massive Bio and Foundation Medicine partner to improve cancer clinical trial enrollment
Clinical Trial Technology
Sep 13, 2024
Machine Learning Infrastructure

Machine Learning Infrastructure

View industry hub
Jul 19, 2023

FedML raises USD 11.5 million in seed funding

Funding

  • FedML, a distributed ML operations (MLOps) platform, raised USD 11.5 million in a seed funding round led by Camford Capital, with participation from Road Capital, Finality Capital Partners, and PrimeSet, among others. This brings the total funds raised by the company to USD 13.5 million.

  • The funding round was divided into two tranches, with the first tranche of USD 4.3 million closing in March 2023, followed by the second tranche of USD 7.2 million closing earlier this month. The round valued the company at USD 56.5 million.

  • The company plans to use the fresh funds to expand the development and adoption of its platform.

  • Currently, FedML's platform serves 3,000+ global users, handling 8,500 training jobs across 10,000 edge devices. Moreover, FedML has secured 10+ enterprise contracts spanning various sectors, including healthcare, retail, financial services, smart home/city, and mobility.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.