LanceDB raises $30 million for multimodal AI data infrastructure

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Artificial intelligence data infrastructure company LanceDB raised a $30 million series A round, the company said Tuesday.

The round was led by Theory Ventures, with participation from CRV, Y Combinator, Databricks Ventures and Runway.

LanceDB’s platform stores and processes the data that AI companies use to build advanced AI models, with a focus on multimodal AI models capable of processing and integrating various types of data including text, video, images and audio.

As AI models get larger, software that helps companies manage data on…



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LanceDB raises $30 million for multimodal AI data infrastructure


Artificial intelligence data infrastructure company LanceDB raised a $30 million series A round, the company said Tuesday.

The round was led by Theory Ventures, with participation from CRV, Y Combinator, Databricks Ventures and Runway.

LanceDB’s platform stores and processes the data that AI companies use to build advanced AI models, with a focus on multimodal AI models capable of processing and integrating various types of data including text, video, images and audio.

As AI models get larger, software that helps companies manage data on…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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