Farukh Kitchlew | Feb 19, 2024 | 0
AI Startup TitanML Soars with $2.8 Million Pre-Seed Funding
TitanML, a London-based AI startup, has successfully secured $2.8 million in pre-seed funding, spearheaded by Octopus Ventures. The company has also unveiled Titan Takeoff – a revolutionary AI-driven tool to streamline large language model (LLM) deployments.
TitanML, founded in 2021 by Drs. James Dborin, Meryem Arik, and Fergus Finn have developed cutting-edge software solutions to make LLM installation faster, more cost-effective, and accessible to machine learning teams.
The increasing demand for AI and Large Language Models has propelled TitanML’s journey towards success. As businesses intensify their AI investments, one key challenge is translating investments into tangible value. The TitanML team understands this dilemma. Machine learning teams often encounter obstacles in model deployment, such as GPU shortages when using third-party solutions like OpenAI. TitanML has set out to transform the most complex aspect of the development cycle into a streamlined and efficient process. Their flagship product, Takeoff, aids in achieving this transformation.
TitanML has forged strategic partnerships with industry giants like Intel and AWS. These partnerships have yielded impressive results, with clients experiencing up to a 90% reduction in computing costs. Moreover, 20x latency improvements within hours of deployment have been observed.
Mat Munro of the Deep Tech Team at Octopus Ventures expressed enthusiasm about their investment in TitanML, emphasizing the importance of efficient model deployment in long-term AI adoption by businesses.