Fastino, a Palo Alto, CA-based new foundation AI model provider, raised $7M in Pre-Seed funding.
The round was led by Insight Partners and M12, Microsoft’s Venture Fund, with participation from NEA, Valor, Github CEO Thomas Dohmke, and others.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Ash Lewis and COO George Hurn-Maloney, Fastino provides enterprise AI developers with task-optimized language models built to scale. Its models are engineered for accuracy, speed, and security, delivering near-instant CPU inferencing and flexible deployment across environments.
Key features of Fastino include:
- Fit-for-purpose architecture for consistent, accurate outputs: Fastino delivers task-optimized models for critical enterprise use cases like structuring of textual data, RAG systems, text summarization, task planning, and more.
- CPU-level inferencing for swifter results: Fastino’s novel architecture operates up to 1000x faster than traditional large language models. Its optimized computation enables flexible deployment on CPUs or NPUs, minimizing the reliance on high end GPUs.
- Task-optimized models for safer AI systems: Fastino’s family of models enable new, distributed AI systems, which are less vulnerable to adversarial attacks, hallucinations, and privacy risks.
FinSMEs
12/11/2024