# DynamoFL

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dynamofl

- Industry: Information Services
- Headquarters: San Francisco, US
- Total disclosed funding: $19M
- Latest round: Series A (Aug 16, 2023)
- Investors on record: 12

## About

Based in California, US, and founded in 2021 by Christian Lau, and Vaikkunth Mugunthan (CEO), DynamoFL, Inc. offers a training platform that enables machine learning (ML) teams to build highly personalized ML models while preserving user privacy. In August 2023, DynamoFL, Inc. raised USD 15.1 million in series A funding from Canapi Ventures, Nexus Venture Partners, with participation from Formus Capital, and Soma Capital.

The firm offers model training across privacy-critical datasets using Federated Learning and Differential Privacy that simplifies data-sharing collaborations across platforms to enable companies to build and deploy generalizable AI/ML (artificial intelligence/ machine learning) or analytics models with Federated Learning.

DynamoFL, Inc. intends to use the August 2023 funding for further development of its artificial intelligence solution.

## Funding rounds

- Series A, Aug 16, 2023, $15M — Nexus Venture Partners, Canapi Ventures, Soma Capital, Formus Capital
- Seed, Sep 20, 2022, $4.2M — Nexus Venture Partners, Merus Capital, Y Combinator, Global Founders Capital, Liquid 2 Ventures, Samsung NEXT Ventures, Basis Set, Soma Capital, Cathexis Investment Management, Outset Capital

## Investors

- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Seed, Series A
- Merus Capital — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Seed
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Seed
- Basis Set (https://capitalatlas.ai/funds/basis-set) — Seed
- Soma Capital — Seed, Series A
- Cathexis Investment Management (https://capitalatlas.ai/funds/cathexis-investment-management) — Seed
- Outset Capital (https://capitalatlas.ai/funds/outset-capital) — Seed
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series A
- Formus Capital (https://capitalatlas.ai/funds/formus-capital) — Series A