[Funding news ] CA-based HPC-AI Tech Secures $50Million in Series A Round Funding

HPC-AI Tech, a AI startup specializing in AI Software Infrastructure and Video Generation, secures $50million in series A round funding. Backers included Singtel Innov8, Sinovation Ventures, Capstone Capital, Greater Bay Area Homeland, Lingfeng Capital, and Stony Creek Capital.

It was founded by Yang You, a Presidential Young Professor at the National University of Singapore. The company is well-known for its core products, Colossal-AI and Open-Sora, which provide an easy-to-use environment and allow organizations to scale big AI workloads like GPT and LLaMA. With a focus on effective video creation, Open-Sora enables users to produce high-caliber videos with technologies that are readily available.

Apart from these open-source initiatives, it provides two paid platforms, video-ocean.com and hpc-ai.com. hpc-ai.com bills itself as the “new DataBricks for AI” and oversees the training, optimization, and implementation of AI models. In the meantime, video-ocean.com democratizes video creation for all skill levels by enabling people to create anything from full-length films to TikTok-style videos.

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Four Fortune 500 firms are among HPC-AI Tech’s 50 major clients. Among its users are AWS, Alibaba, IBM, Intel, Grab, Panasonic, VIVO, Geely Auto, Bosch, Lambda Labs, and Oracle.

With the money, the company hopes to create these platforms more quickly and assist in expanding its clientele to 300 people over the course of the following three years.

About HPC-AI Tech

HPC-AI Tech is a leading provider of advanced artificial intelligence infrastructure and tools for creating videos, emphasizing accessibility and scalability. The company’s platforms are made to enable both individuals and businesses to use AI technology for innovative projects and large-scale applications.