Moondream raised $4.5M in a pre-seed funding round led by Felicis Ventures, Microsoft’s M12 GitHub Fund, and Ascend to develop a vision-language model optimized for performance without the need for large models.
Moondream raised $4.5M in a pre-seed funding round led by Felicis Ventures, Microsoft’s M12 GitHub Fund, and Ascend to develop a vision-language model optimized for performance without the need for large models.
10/28/24, 1:35 PM
Location
seattleMoney raised
$4.5 million
Industry
natural language processing
machine learning
artificial intelligence
Round Type
seed
Investors
Ascend, Microsoft’s M12 Git Hub Fund, Felicis Ventures
Moondream emerged from stealth mode today with $4.5 million in pre-seed funding. The startup has built a vision-language model that operates with just 1.6 billion parameters, aiming to tackle the costs and privacy concerns of enterprise AI.
Company Info
Location
seattle, washington, united states
Additional Info
Moondream is a startup that specializes in developing smaller, efficient AI models that can perform competitively with larger counterparts. Their vision-language model, which operates with just 1.6 billion parameters, allows for local device execution, enhancing privacy and reducing the costs associated with cloud computing. The company focuses on providing a seamless developer experience while being firmly rooted in open-source principles. Moondream aims to revolutionize enterprise AI adoption by addressing practical needs and challenges in the industry.