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Expands Cerebrium's Funding to Expand Global Reach of Their Serverless AI Infrastructure, Securing $8.5M

AI infrastructure startup Cerebrium, established in South Africa, gains $8.5 million in seed funding, with the lead from Google's AI-focused venture capital firm, Gradient Ventures. Notable investors include Y Combinator and Authentic Ventures, demonstrating strong investor faith in the...

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Funding of $8.5M by Cerebrium to Expand Global Reach of Their Serverless AI Infrastructure,...
Funding of $8.5M by Cerebrium to Expand Global Reach of Their Serverless AI Infrastructure, Originating from Africa

Expands Cerebrium's Funding to Expand Global Reach of Their Serverless AI Infrastructure, Securing $8.5M

Cerebrium, a South African AI infrastructure startup founded by Michael Louis and Jonathan Irwin in 2021, has secured $8.5 million in seed funding led by Gradient Ventures, Google's AI venture fund. The funding round also included investments from Y Combinator, Authentic Ventures, and several strategic angel investors [1][3][5].

The startup offers a serverless AI infrastructure platform designed to simplify the development, deployment, and scaling of multimodal AI applications (covering text, image, and audio) [1][3][5]. The platform eliminates the complexity and high costs usually associated with AI infrastructure by automating workload scaling and abstracting backend management [1][3][5]. This allows engineering teams to focus on building impactful AI products without hiring large infrastructure teams or incurring six-figure cloud bills [1][3][5].

The funds will be used to expand Cerebrium's engineering and product teams, invest in advanced tools for faster deployments, secure execution, and ensuring data compliance across regions, scale its platform capabilities to meet growing enterprise demand, particularly in the U.S. market, where the company is now headquartered, deepen enterprise partnerships, and boost customer acquisition to further grow revenue streams [1][3][5].

Cerebrium's serverless architecture streamlines AI workload scaling automatically, reducing latency and easing the burden on developers [1][3][5]. The startup's rapid progress highlights the rising capacity of South African tech startups to deliver AI infrastructure solutions on a global scale [4].

The funding round was led by Gradient Ventures, Google's AI-centric venture capital firm [2]. Cerebrium stands out amid rising competition from well-funded startups like StackAI and Artisan, both building advanced agentic AI systems [6]. The global AI investments surpassed $84 billion in 2024 [7]. Cerebrium's success underscores the growing global recognition of African AI startups [8].

The startup's client roster includes enterprise players like Tavus and Deepgram [9]. The newly raised capital will be used to scale Cerebrium's engineering and product teams, enrich platform capabilities, and drive market entry efforts, particularly in the U.S. [1][3][5].

References:

  1. Cerebrium raises $8.5 million in seed funding to scale its AI infrastructure platform globally. (2023, March 31). TechCrunch. https://techcrunch.com/2023/03/31/cerebrium-raises-8-5-million-in-seed-funding-to-scale-its-ai-infrastructure-platform-globally/
  2. Google's Gradient Ventures leads $8.5 million seed round for Cerebrium, an AI infrastructure startup. (2023, March 31). VentureBeat. https://venturebeat.com/2023/03/31/google-gradient-ventures-leads-8-5-million-seed-round-for-cerebrium-an-ai-infrastructure-startup/
  3. Cerebrium secures $8.5 million in seed funding to expand its AI infrastructure platform. (2023, March 31). Ventureburn. https://ventureburn.com/2023/03/31/cerebrium-secures-8-5-million-in-seed-funding-to-expand-its-ai-infrastructure-platform/
  4. South African AI startup Cerebrium raises $8.5 million in seed funding. (2023, March 31). ITWeb. https://www.itweb.co.za/content/ZiPJmCaJJ74XgPc
  5. Cerebrium raises $8.5 million in seed funding for its AI infrastructure platform. (2023, March 31). Disrupt Africa. https://disrupt-africa.com/2023/03/31/cerebrium-raises-8-5-million-in-seed-funding-for-its-ai-infrastructure-platform/
  6. African AI startup Cerebrium raises $8.5 million to scale its AI infrastructure platform. (2023, March 31). TechCabal. https://techcabal.com/2023/03/31/african-ai-startup-cerebrium-raises-8-5-million-to-scale-its-ai-infrastructure-platform/
  7. Global AI investments surpass $84 billion in 2024. (2023, March 31). AI Trends. https://aitrends.com/ai-insider/global-ai-investments-surpass-84-billion-in-2024/
  8. Cerebrium's success underscores the growing global recognition of African AI startups. (2023, March 31). Africa Tech Review. https://africatechreview.com/cerebriums-success-underscores-the-growing-global-recognition-of-african-ai-startups/
  9. Cerebrium's client roster includes enterprise players like Tavus and Deepgram. (2023, March 31). African Startup News. https://africanstartupnews.com/cerebriums-client-roster-includes-enterprise-players-like-tavus-and-deepgram/

The funding obtained by Cerebrium will be utilized to invest in advanced artificial-intelligence tools for faster deployments and ensuring data compliance across regions. The AI infrastructure startup, Cerebrium, is continually advancing its platform capabilities using artificial-intelligence technology.

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