Official announcements from Arcee AI or the partnering company, or press releases

Arcee AI Secures $24M Series A to Advance Small Language Models with Arcee Cloud

Jul 16, 2024, 03:30 PM

Arcee AI has secured $24 million in Series A funding to advance its platform for training domain-specific small language models (SLMs). The funding round saw participation from notable investors, including Flybridge and LongJourneyVC. Arcee AI's platform, Arcee Cloud, offers a hosted SaaS version that enhances the efficiency of training SLMs. These models are smaller versions of larger AI models like GPT-4 and are designed to perform specific tasks with high efficiency and superhuman abilities. The company, led by Mark McQuade, Jacob, and Brian, is at the forefront of revolutionizing generative AI (GenAI) through its innovative approach to SLMs. Techniques such as Spectrum and Model Merging are employed to build these highly specialized models.