September 26, 2024
Singapore—HPC-AI Tech, a startup specializing in AI Software Infrastructure and Video Generation AI, has announced the successful closure of a 50 Million USD Series A funding round. The investors include Singtel Innov8, Sinovation Ventures, Capstone Capital, Greater Bay Area Homeland, Lingfeng Capital, and Stony Creek Capital.
Founded by Yang You, a Presidential Young Professor at the National University of Singapore, HPC-AI Tech is at the forefront of developing cutting-edge platforms that enable enterprises to efficiently train, fine-tune, and deploy their own AI models. The company's flagship software, Colossal-AI and Open-Sora, have quickly become one of the fastest-growing open-source projects in scalable AI, accumulating over 60,000 stars on GitHub. Colossal-AI combines the ability to scale the most demanding AI workloads, such as GPT and LLaMA, with the simplicity of a laptop-like development environment, making it accessible to organizations of all sizes. Open-Sora is an initiative dedicated to efficiently producing high-quality video and making the model, tools and contents accessible to all.
In addition to Colossal-AI and Open-Sora, HPC-AI Tech offers two commercial products: hpc-ai.com and video-ocean.com.
hpc-ai.com is a comprehensive development platform designed to manage all aspects of the AI model lifecycle, including training, fine-tuning, and serving processes. The startup envisions this platform as the "new DataBricks for AI," aiming to replicate the success of DataBricks, which has become a leading platform for traditional machine learning and big data applications.
video-ocean.com is a versatile platform that empowers users to create their own TikTok-style videos, commercial advertisements, and even full-length movies. This platform democratizes video production, allowing users of all skill levels to generate high-quality video content. Similar products in the market include OpenAI Sora, Luma Dream Machines, and Runway.
HPC-AI Tech’s impressive roster of 50 key clients includes four Fortune 500 companies, with organizations like AWS, Alibaba, IBM, Intel, Grab, Panasonic, VIVO, Geely Auto, Bosch, Lambda Labs, and Oracle among its users. The Series A funding will be instrumental in accelerating the development of HPC-AI Tech's platforms and expanding its market reach. The company has set an ambitious target to expand its client base to 300 within the next three years, with a projected 75% annual growth rate thereafter.
Yang You, the founder of HPC-AI Tech, brings an impressive academic and professional background to the company. He completed his PhD in Computer Science at UC Berkeley under the mentorship of Prof. James Demmel, a leading expert in supercomputing and the current Chief Strategy Officer of HPC-AI Tech. Prof. Demmel’s involvement further strengthens the company’s strategic direction, leveraging his extensive experience as a member of the National Academy of Sciences and the National Academy of Engineering.
Yang You’s contributions to the field of AI and high-performance computing have been widely recognized, with numerous awards and accolades, including breaking world records for ImageNet and BERT training speeds. His research has been adopted by major tech companies like Google, Microsoft, and NVIDIA, and he has been featured on Forbes’ 30 Under 30 Asia list and IEEE-CS Early Career Researcher Award for Excellence.
With this substantial financial backing, HPC-AI Tech is poised to make significant strides in the AI and video creation industries, solidifying its position as a leader in the next generation of enterprise AI solutions.
About HPC-AI Tech
HPC-AI Tech is a Singapore-based startup with 70 talents focused on developing scalable AI solutions for enterprises. Its flagship products, Colossal-AI and Open-Sora, enable organizations to efficiently train and deploy AI models on a cloud-native platform. The company also offers hpc-ai.com, a platform for managing the entire AI model lifecycle, and video-ocean.com, a platform for creating high-quality video content. The chairman of the company is Yang You, a distinguished researcher in AI and high-performance computing, with strategic guidance from Prof. James Demmel.
For media inquires: contact@hpc-ai.tech
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