webAI offers an AI development platform designed to provide enterprises with localized AI infrastructure and solutions to existing cloud-based models. The platform emphasizes running securely on local devices to significantly reduce compute and operating costs for customers. The company says it will use new funding to accelerate its mission of democratizing AI and deliver a cost-effective, enterprise-focused solution. webAI appointed three industry veterans to its board: Michael Abbott, David Beirne, and Dennis Durkin. Founded in 2019 and headquartered in Austin, Texas, webAI aims to drive innovation toward a future powered by superintelligence. After the Series A, the company is valued at $700 million.

Total raised

$60M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2024