Arcee AI raises Series B of at least $150M at a $1B pre-money valuation
Arcee AI, which builds open-weight AI models that companies can run on their own infrastructure, raised a Series B co-led by Vista Equity Partners, Cambium Capital and Emergence Capital, making it a unicorn.
Arcee AI, which builds open-weight AI models that companies can run on their own infrastructure, raised a Series B co-led by Vista Equity Partners, Cambium Capital and Emergence Capital, making it a unicorn. (Fortune; Crunchbase News; Dealroom)
Microsoft's M12, AI10 Ventures, Hitachi, IAG, P7 and Wipro also took part. Founder Mark McQuade says the company trained four models, including the 400B-parameter Trinity Large, for about $20M. The money goes to new models, a Department of Energy partnership and work with Vista portfolio companies. (Fortune; Crunchbase News; Dealroom)