Open-weight model developer Arcee AI reaches $1B-plus valuation with new funding
Open-weight artificial intelligence model developer Arcee AI Inc. said today it has raised an undisclosed amount of cash in a new funding round that lifts its valuation to more than $1 billion. The Series B round was led by Vista Equity Partners, Cambium Capital and Emergence Capital, and saw participation from A10 Ventures, Hitachi, IAG, […] The post Open-weight model developer Arcee AI reaches…
San Francisco-based open-weight AI model developer Arcee AI Inc. has raised an undisclosed amount of cash in a new funding round, bringing its valuation to over $1 billion. The Series B round was led by Vista Equity Partners, Cambium Capital, and Emergence Capital, with participation from A10 Ventures, Hitachi, IAG, Microsoft Corp.’s M12, P7, and AI consultancy firm Wipro Ltd. The company, which focuses on developing open-weight models that allow public access to their core numerical parameters, aims to help American companies gain more control over the AI systems they use.
With the Trinity family of models, Arcee has developed powerful models with 400 billion parameters, all while maintaining a much lower cost than its closed-source counterparts.
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