SA’s Cerebrium raises $8.5 M funding to expand its top-performing serverless AI platform
A seed round of US $8.5 million has been raised by Cerebrium, a Cape Town-based serverless AI infrastructure platform, to help it meet growing enterprise demand and invest in new features.
Cerebrium, a high-performing serverless AI infrastructure platform that was founded in Cape Town by Michael Louis and Jonathan Irwin but is currently headquartered in New York City, allows teams to create, implement, and scale multimodal AI applications.
After having trouble creating their own AI-powered products, the two started Cerebrium.
“Tooling was fragmented, there was an education gap between theory and production, the unit economics didn’t make sense, and development cycles took months. We built Cerebrium so engineers can focus on building AI products that users love with real business impact, instead of hiring an infrastructure team, racking up six-figure cloud bills or worrying about security and compliance,” Lewis said.
With the help of Y Combinator, Authentic Ventures, a number of strategic angel investors, and operators, the company has now raised US$8.5 million in seed funding, led by Gradient, Google’s AI venture fund.
The Cerebrium team will be able to meet the growing enterprise demand and invest in new features due to this new funding.
“What the Cerebrium team has pulled off with such a small group is incredible. They’re powering some of the most advanced AI voice and video applications at scale and we believe specialised infrastructure which scales elastically will be essential as real-time AI becomes core to customer experiences,” said Eylul Kayin, partner at Gradient.
