HPC-AI Tech was chosen from 1,121 applicants to join the Endless Frontier Labs (EFL) 2022–2023 cohort Digital Tech track after a rigorous selection process by the EFL Team. NYU’s EFL program provides an opportunity for science and technology startups in their early stages, to grow in partnership with the New York University Stern School of Business. This year, over 1,100 startups from 66 countries world-wide, and from 43 states in the U.S. participated in the competition. HPC-AI Tech was among only 78 startups which were selected as finalists for the program.
More About EFL
Endless Frontier Labs (EFL) is a nine-month program at NYU’s Stern School of Business which provides early-stage science and technology startups with three tracks. These tracks include Deep Tech, Life Science, and Digital Tech. Deep Tech is suited for startups who develop technologies in the fields of physical and material science. Life Science is for companies with breakthroughs in biology, medicine and healthcare. Lastly, Digital Tech focuses on startups in software, data analytics, AI and ML.
Over the past few years, the EFL Team has utilized its extraordinary expertise to help startups transform their ideas into strong and successful businesses through the program. One example of innovative startups which have partnered with EFL include Immunai, which created an atlas of the human immune system in 2018 and recently raised about $295 million. Another example is Jetpack Aviation, a powerful company that specializes in turbine powered micro VTOLs; their 150mph Speeder flying motorcycles will hit the markets in 2023 for $380,000.
“Our mission is to bridge the gap between science and markets,” said NYU Stern Professor Deepak Hegde, Founding Director of EFL. “We believe business strategy, validation by scientific peers, and connections to investors are critical for the successful commercialization of scientific breakthroughs. EFL provides these inputs to help transform founders’ ideas into commercial and societal impact. With the opening of our third track focused on software and data oriented startups, we look forward to deepening our impact on the information economy.”
Companies must receive critical and extensive evaluations from the EFL Team in order to be apart of the EFL program. The EFL team’s evaluation process included interviews with over 175 start-up teams from over 60 countries, technical analysis of the companies by their experts, and consideration for how well the company suited the EFL program.
Despite such stringent requirements, what made HPC-AI Tech stand out amongst 1,121 applicants?
HPC-AI Tech is a global company focused on High Performance Computing and Artificial Intelligence. The company has offices in Delaware (USA) and Singapore, building a highly skilled team comprised of members from top universities (e.g., the University of California, Berkeley, Stanford University, etc.) and from leading companies around the world (e.g., Google, Microsoft, Nvidia, IBM, Intel, etc.).
HPC-AI Tech strives to increase AI productivity, aiming to build an outstanding distributed AI development and deployment platform that enables supercomputers and cloud platforms to partake in AI at a much lower cost. Thanks to years of academic achievement and industrial accumulation, HPC-AI Tech has developed an efficient large AI model training and inference system — The Colossal-AI — which offers efficient AI deployment services with high integration, automatization, and intellectualization. Recently, HPC-AI Tech completed the seed and angel round fundraising of 6 million dollars, led by BlueRun Ventures in the angel round, and co-led by Sinovation Ventures and ZhenFund in the seed round. HPC-AI Tech will continue its path of rapid growth and plans to continue expanding globally.
“The team at Endless Frontier Labs is pleased to invite HPC-AI Technology Inc. to join our 2022–2023 Digital Tech track. Congratulations! We are thrilled for the opportunity to work with you and transform your breakthrough science into a highgrowth business.”
——Deepak Hegde, Founding Director of EFL
“As a startup focused on high-performance computing and Artificial Intelligence, we’re elated to join NYU’s Endless Frontier Labs. We will passionately work with the professionals from the EFL Team to equip our innovations and form a successful business. This collaboration is another step towards achieving our goal of being a globally renowned AI company, and we hope we can empower AI businesses in the future. ”
— — Yang You, the Chairman of HPC-AI Tech
Reference:
[1] https://endlessfrontierlabs.com/
[3] https://www.swisspod.ch/stories/joining-nyus-endless-frontier-labs
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