Total amount raised
$9 Millions
Latest funding date
06/01/2023
Location
BentoML has successfully raised funds through a Seed round, with the last funding round closing on June 26, 2023. The company is backed by five investors, including Bow Capital and Firestreak Ventures.
Keep reading to explore the intricacies of BentoML's fundraising journey and the investors backing this innovative platform.
What Is BentoML?
BentoML, founded in June 2019 by Chaoyu Yang, is based in San Francisco, California. The company specializes in providing a unified inference platform designed to build scalable AI systems with speed and flexibility.
With a team of 11-50 employees, BentoML offers infrastructure for AI systems, including a serverless platform called BentoCloud. This platform allows for the deployment and management of AI applications, ensuring scalability and ease of use.
Trusted by various AI teams worldwide, BentoML's platform supports production-grade AI systems with features like open-source serving engines, performance optimization, auto-scaling, and rapid iteration.
How Much Funding Has BentoML Raised?
- Seed Round
- Amount Raised: $9 million
- Date: June 26, 2023
- Lead Investors: DCM Ventures, Bow Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of open-source cloud-based products for AI developers, simplifying the process of running AI models on the cloud.
- Pre-Seed Round
- Amount Raised: $3 million
- Date: December 1, 2020
- Lead Investors: Bow Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of BentoML's AI infrastructure platform, enabling scalable and efficient AI system deployment.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 1, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the foundational technology and initial development of BentoML's AI platform.
Total Amount Raised: $12 million. Current Valuation: Not publicly disclosed.
Key Investors
- DCM Ventures
- Details: DCM Ventures is a venture capital firm that invests in early-stage technology companies. They have a global presence with offices in Silicon Valley, Beijing, and Tokyo.
- Investment Focus Areas: Consumer internet, software, telecommunications, digital media.
- Notable Investments: Bill.com, SoFi, Lime.
- Bow Capital
- Details: Bow Capital is a venture capital firm that partners with innovative companies at the intersection of technology and science. They collaborate closely with the University of California to drive growth and success.
- Investment Focus Areas: Artificial intelligence, biotechnology, advanced materials.
- Notable Investments: Rigetti Computing, Vicarious, Zymergen.
- Firestreak Ventures
- Details: Firestreak Ventures is a venture capital firm that focuses on early-stage investments in technology-driven companies. They aim to support startups that have the potential to disrupt traditional industries.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Not publicly disclosed.
- Not Disclosed Investor
- Details: This investor has chosen to remain anonymous and has not publicly disclosed their involvement or investment details.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for BentoML?
With a fresh $9 million in seed funding, BentoML is poised to capitalize on the burgeoning AI market. The company aims to simplify AI app development, providing tools that cater to data scientists, DevOps engineers, and developers. This significant investment underscores the vast opportunities available, as BentoML continues to attract a growing community and major players like Line and Naver.
Future fundraising seems promising, with the potential for additional rounds to support platform enhancements and user base expansion. However, challenges such as competition from established AI platforms and the need for continuous innovation remain. Balancing short-term goals with long-term strategies will be crucial as BentoML navigates the rapidly evolving AI landscape.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like BentoML and gather other critical business insights.
Sign up for free and start leveraging these powerful tools today by visiting Clay's signup page.
