# Lightning AI

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

- Industry: Software
- Headquarters: New York, US
- Website: www.lightning.ai/
- Total disclosed funding: $50M
- Latest round: Series B (Nov 21, 2024)
- Investors on record: 6

## About

Founded in 2019 and based in New York, US, Grid.ai, Inc. trading under the name Lightning AI provides a platform that facilitates coding, prototyping, training, and deployment of AI models directly from a web browser. In March 2024, the firm raised USD 50 million in venture funding from investor Index Ventures, with participation from other investors. In November 2024, Lightning AI raised USD 50 million in venture funding from Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA Corporation.

Lightning AI's product, Studio, integrates essential ML tools into a unified environment accessible via any web browser. It supports multi-node training, AI web app hosting, and seamless GPU switching without the need for local environment setup. Studio facilitates collaborative coding, infinite storage capabilities, and the deployment of AI applications.

Lightning AI generates revenue through a pay-as-you-go model for Studio usage, offering free initial access and charging based on GPU hours and additional features. The firm charges USD 50 per month for the Pro plan, and USD 140 per month for the Teams plan.

The company plans to use the March 2024 funding to develop further its software product.

## Funding rounds

- Series B, Nov 21, 2024, $50M — J.P. Morgan, NVIDIA Corporation, Cisco Investments, K5 Global
- Angel, Sep 1, 2017, $0.4M — Right Side Capital Management, Forum Ventures

## Investors

- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Angel
- Forum Ventures (https://capitalatlas.ai/funds/forum-ventures) — Angel
- J.P. Morgan — Series B
- NVIDIA Corporation — Series B
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series B
- K5 Global (https://capitalatlas.ai/funds/k5-global) — Series B