# FedML

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

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.fedml.ai
- Total disclosed funding: $13M
- Latest round: Seed (Jul 1, 2023)
- Investors on record: 13

## About

Based in California, US, and founded in 2022, FedML, Inc operates as an artificial intelligence-based software development company that offers machine learning models for its clients. The company was Co-founded by Salman Avestimehr (CEO) and Chaoyang He (CTO). In July 2023, FedML, Inc. raised USD 7.2 million in seed funding led by Camford Capital, with participation from Finality Capital Partners, Modular Capital, PrimeSet, Road Capital Management, Robot Ventures, Sparkle Ventures, University of Southern California Endowment, and Wisemont Capital. 

The firm offers various products and solutions for its clients which include interconnected platforms which help them to train, and serve. It offers an open-source community, and Web 3 artificial intelligence marketplace which helps in monetizing their data. 

The company intends to use the July 2023 funding to bolster the development and adoption of its distributed MLOps platform.

## Funding rounds

- Seed, Jul 1, 2023, $5.2M — University of Southern California Endowment, LDV Management, Wisemont Capital, Robot Ventures, AimTop Ventures, PrimeSet, Camford, Finality Capital Partners, Road Capital Management, Modular Capital, Sparkle Ventures
- Seed, Jan 31, 2023, $8M — Plug and Play, Acequia Capital, LDV Management, AimTop Ventures, Camford

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed
- LDV Management (https://capitalatlas.ai/funds/ldv-management) — Seed
- AimTop Ventures (https://capitalatlas.ai/funds/aimtop-ventures) — Seed
- Camford (https://capitalatlas.ai/funds/camford) — Seed
- University of Southern California Endowment — Seed
- Wisemont Capital (https://capitalatlas.ai/funds/wisemont-capital) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- PrimeSet — Seed
- Finality Capital Partners (https://capitalatlas.ai/funds/finality-capital-partners) — Seed
- Road Capital Management (https://capitalatlas.ai/funds/road-capital-management) — Seed
- Modular Capital — Seed
- Sparkle Ventures (https://capitalatlas.ai/funds/sparkle-ventures) — Seed