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AI infrastructure supplier Modular, introduced that the corporate has raised $100 million in a brand new funding spherical led by Basic Catalyst. The spherical additionally noticed participation from current traders GV (Google Ventures), SV Angel, Greylock, and Manufacturing unit.
The brand new funding follows Modular’s $30 million spherical final June. The corporate claims that its AI infrastructure stack easily integrates into purchasers’ setups with minimal migration bills, natively supporting numerous clouds, {hardware} accelerators, and AI frameworks.
“Our conviction in Modular stems from the staff’s spectacular experience, significantly the co-founders’ pivotal position in shaping the compilation panorama over the previous 20 years and fueling this new wave of AI by means of their work on TensorFlow,” Deep Nishar, Managing Director at Basic Catalyst, mentioned in an announcement.
Modular was based by Chris Lattner (co-founder & CEO) and Tim Davis (co-founder & President) who met one another whereas working at Google.
Lattner has constructed AI and core programs at distinguished know-how firms similar to Apple, Google, SiFive, and Tesla.
Likewise, Davis contributed to the founding, improvement and growth of serious segments inside Google’s AI infrastructure at Google Mind.
With its infrastructure choices, Modular goals to assist builders defragment their AI know-how stack, speed up new product creation and improve the accessibility of AI know-how.
The corporate just lately launched the Modular Inference Engine to streamline AI deployment.
The engine asserts itself as “the world’s quickest unified AI engine,” appropriate with a number of AI frameworks together with TensorFlow and PyTorch. Whereas at the moment fine-tuned for CPUs, GPU assist is slated for introduction within the upcoming fall season.
Modular’s Proprietary Programming Language
Moreover, the corporate launched Mojo, an unique programming language tailor-made for AI builders. In its developmental section, Mojo asserts a pace benefit of 35,000 occasions over Python, merging Python’s user-friendliness with the efficiency of C.
Concurrently, Modular has revealed plans for Mojo’s desktop availability alongside a complete developer toolkit. The corporate famous that the aptitude to run Mojo regionally is essentially the most coveted characteristic inside its developer neighborhood.
Modular envisions this characteristic as a catalyst for innovation and collaboration inside the Mojo developer sphere.
The corporate is providing a preview of the Mojo SDK to early adopters at the moment, with a basic launch deliberate for early September.
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