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Funding
Substrate Labs raises USD 8 million in seed funding to develop APIs to simplify AI/ML model building
Machine Learning Infrastructure
Jun 20, 2024
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Machine Learning Infrastructure

Machine Learning Infrastructure

Jun 20, 2024

Substrate Labs raises USD 8 million in seed funding to develop APIs to simplify AI/ML model building

Funding

  • AI infrastructure startup Substrate Labs has raised USD 8 million in a seed funding round led by Lightspeed Venture Partners. South Park Commons, Craft Ventures, and individual investors Guillermo Rauch (Vercel), Immad Akhund (Mercury), and Will Gaybrick (Stripe) participated in the round.

  • The company will utilize the capital to build APIs that simplify the development of more modular AI systems.

  • Formed in 2023, Substrate Labs offers resourceful APIs for AI. These incorporate finely tuned open-source AI models across several modalities, such as images, text, audio, and semantic vectors. Substrate Labs aims to optimize these models for large-scale implementations, placing importance on the speed at which one model's outcomes can be utilized as another's inputs.

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