# Lamini

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

- Industry: Software
- Headquarters: Menlo Park, US
- Website: www.lamini.ai/
- Total disclosed funding: $25M
- Latest round: Series A (Mar 13, 2024)
- Investors on record: 3

## About

Founded in 2022 and based in California, US, PowerML Inc., dba Lamini, operates as a software company that allows business organizations to create and manage their own LLMs anywhere. Sharon Zhou (CEO) and Greg Diamos (CTO) are the co-founders of the company. In March 2024, Lamini raised USD 24.97 million in seed funding, led by First Round Capital and AMD Ventures.

The company offers a platform that allows internal software teams to work within the limits of their current infrastructure and advance their AI skills to OpenAI-level standards. The firm’s core product allows enterprises to expect to achieve improved accuracy and significantly reduced instances of AI-generated hallucinations. Lamini's approach includes techniques such as retrieval-augmented finetuning, providing LLMs with a photographic memory, and training models with human preference. The company’s platform is infrastructure-agnostic, accommodating hybrid cloud setups, on-premises airgapped clusters, and a choice between Nvidia or AMD GPUs.

The startup generates revenue through its pricing plans, which include the pro plan for USD 99 per month and the enterprise plan for customized pricing.

The organization plans to use the March 2024 funding to support technical development as well as infrastructure and manpower expansion.

## Funding rounds

- Series A, Mar 13, 2024, $25M — First Round Capital, AMD Ventures
- Series A, Mar 13, 2024 — Amplify Partners

## Investors

- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Series A
- AMD Ventures (https://capitalatlas.ai/funds/amd-ventures) — Series A
- Amplify Partners (https://capitalatlas.ai/funds/amplify-partners) — Series A