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HomeFunding Boston-based Liquid AI Secures $37.6M in Seed Funding

[Funding alert] Boston-based Liquid AI Secures $37.6M in Seed Funding

Boston-based Liquid AI Secures $37.6M in Seed Funding. This round was led by OSS Capital and PagsGroup (the family office of Stephen Pagliuca).

Boston-based Liquid AI Secures $37.6M in Seed Funding. This round was led by OSS Capital and PagsGroup (the family office of Stephen Pagliuca).

Other investors include Breyer Capital, Tom Preston Werner (Github Co-founder), Naval Ravikant (AngelList & AirChat Co-founder), Safar Partners, ISAI Cap Venture (Capgemini’s VC Fund managed by ISAI), Tobias Lütke (Shopify Co-founder), David Siegel (Two Sigma), Chris Prucha (Notion Co-founder), Samsung Next.

Read also – NYC-based Qortex Secures $10m in Funding

David Blundin (Link Ventures), Bold Capital Partners (Peter Diamandis), Marc Casper (President & CEO of Thermo Fisher), Duke Capital Partners, Argean Capital Management, Latham & Watkins, Bob Young (Red Hat Co-founder) and Automattic.

The funds will be used by the business to keep growing both its operations and its growth initiatives.

Stephen Pagliuca (Chairman and CEO PagsGroup) said, “We invested in Liquid AI, because we felt this was the Dream Team of artificial intelligence. Their technology will greatly reduce the cost of AI for companies versus the current Transformer-based models and remains adaptable beyond training. It also allows for explainability as opposed to the black box of existing models. It’s a triple threat technology that can be used as a foundational model for functional applications and vertical markets as well.”

Joseph Jacks (Founder and General Partner at OSS Capital) said, “Liquid’s approach to advancing the state-of-the-art in AI is grounded in the integration of fundamental truths across biology, physics, neuroscience, math, and computer science. We believe that trans-disciplinary approaches will unlock the greatest levels of acceleration towards the most efficient breakthroughs.”

About Liquid

Liquid AI is an MIT spin-off with a presence in Boston, MA, and Palo Alto, CA. Our mission is to build state-of-the-art, general-purpose AI systems from first principles and deploy capable, efficient, highly aligned, and trustworthy AI for all.

Read also – CA-based AI Startup Artisan AI Secures Additional Funding from a Sequoia Scout

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