Lightning AI Raises $50M to Simplify and Scale AI Development For Enterprises and Developers [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
NEW YORK Nov. 21, 2024 /PRNewswire/ -- Lightning AI , creator of the PyTorch Lightning framework, announced a $50 million equity investment from Cisco Investments, J.P. Morgan, K5 Global and NVIDIA, bringing total funding to $103 million Since launching 12 months ago, Lightning AI has gained 240,000 users across 2,000 organizations, with PyTorch Lightning surpassing 160 million downloads. Lightning's multiplayer, cloud-based, persistent development environments make AI development - model finetuning, deploying, agent building, etc - as intuitive as using the iPhone. Lightning frees enterprises and developers from the burden and expense of building complex platforms while still integrating with all their favorite ML tools like Open AI, VSCode and many others. Lightning also offers pay-as-you-go pricing, with a free tier that includes 22 GPU hours per month, and enterprise options to deploy on private clouds with SOC2, HIPAA, and more. Among its many customer success stories, L
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