# OctoAI

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

- Industry: Software
- Headquarters: Seattle, US
- Total disclosed funding: $133M
- Latest round: Series C (Nov 1, 2021)
- Investors on record: 4

## About

Based in Washington, US, and founded in 2019, OctoML Inc. operates and develops software technologies that enable enterprises to optimize and deploy applications to IoT platforms with machine learning and deep learning. In March 2021, OctoML Inc. raised USD 28 million in a Series B funding led by Addition with participation from Amplify Partners and Madrona Venture Group. The company has raised a total of USD 46.9 million in funding.  Luis Ceze is the CEO of the company.

OctoML Inc. provides a flagship product, Octomizer that enables engineering teams to deploy machine learning models in hours on any hardware, cloud provider, or edge device. Octomizer supports a wide range of machine learning frameworks, including PyTorch, TensorFlow, and ONNX serialized models as well as hardware backends, such as MIPS, Intel, ARM, AMD, x86, NVIDIA/CUDA, and more. In addition, the features of the platform are maximizing performance, comprehensive benchmarking, and seamless deployment of machine learning models. 

OctoML Inc. will use its proceeds from March 2021 funding to continue building out products like its Octomizer platform and investing in its go-to-market strategy and customer service teams.

## Funding rounds

- Series C, Nov 1, 2021, $85M — Madrona Venture Group, Tiger Global Management, Amplify Partners, Addition
- Series B, Feb 5, 2021, $28M — Madrona Venture Group, Amplify Partners, Addition
- Series A, Mar 20, 2020, $16M — Madrona Venture Group, Amplify Partners
- Seed, Oct 9, 2019, $3.9M — Madrona Venture Group, Amplify Partners

## Investors

- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Seed, Series A, Series B, Series C
- Amplify Partners (https://capitalatlas.ai/funds/amplify-partners) — Seed, Series A, Series B, Series C
- Addition (https://capitalatlas.ai/funds/addition) — Series B, Series C
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C