# Cake AI Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cake-ai-technologies

- Industry: Software
- Headquarters: New York, US
- Website: www.cake.ai
- Total disclosed funding: $13M
- Latest round: Seed (Mar 27, 2024)
- Investors on record: 6

## About

Based in New York, US, and founded in 2022 by Misha Herscu (CEO) and Skyler Thomas (CTO), Cake AI Technologies, Inc., a.k.a. Cake AI operates as a software company that focuses on developing modular, open-source components for production AI applications. In December 2024, Cake AI Technologies, Inc. raised USD 10 million in seed funding led by Gradient, with participation from Primary Venture Partners, Alumni Ventures, Friends & Family Capital, Correlation Ventures, and Firestreak Ventures.

Cake AI Technologies, Inc. specializes in providing a comprehensive platform for production-ready open source artificial intelligence (AI) solutions. Their core offerings encompass a full life cycle of AI components designed to support developers in building generative and predictive AI applications efficiently. The platform features a curated selection of over 100 managed open-source technologies, pre-assembled with built-in security and resource optimization. Cake's solutions are tailored for various use cases, including AI/ML, data engineering, and analytics, targeting a diverse client base that includes enterprises such as Ping and Altis Labs. The company deploys its services in several geographical markets, with a notable presence in North America and Europe, enabling businesses across these regions to leverage AI solutions for enhanced operational performance and innovation.

Cake operates a revenue model centered on subscription-based access to its integrated AI platform, allowing clients to customize their technology stack as per specific project needs. Clients typically engage with Cake through enterprise partnerships or direct subscriptions, facilitating continual access to the platform's resources, support, and updates. Pricing structures are designed to accommodate various client scales, which may include tiered plans based on resource utilization and the number of managed components utilized within the subscription.

The company plans to use its proceeds from December 2024 funding to expand its managed open-source AI infrastructure platform, integrate more AI components, and enhance its support for enterprise customers.

## Funding rounds

- Seed, Mar 27, 2024, $13M — Primary Venture Partners, Correlation Ventures, Alumni Ventures Group, Gradient Ventures, Friends & Family Capital, Firestreak Ventures

## Investors

- Primary Venture Partners (https://capitalatlas.ai/funds/primary-venture-partners) — Seed
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Seed
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Seed
- Friends & Family Capital (https://capitalatlas.ai/funds/friends-family-capital) — Seed
- Firestreak Ventures (https://capitalatlas.ai/funds/firestreak-ventures) — Seed