HPC-AI Tech, an AI startup specializing in AI Software Infrastructure and Video Generation, announced it has raised $50 millionSeries A funding round. The company’s investors include prominent names such as Singtel Innov8, Sinovation Ventures, Capstone Capital, Greater Bay Area Homeland, Lingfeng Capital, and Stony Creek Capital, positioning the company for rapid growth in the AI space.
Launched by Yang You, a Presidential Young Professor at the National University of Singapore, HPC-AI Tech is known for its 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. Plus, it enables enterprises to scale large AI workloads like GPT and LLaMA while offering a user-friendly environment. Open-Sora also focuses on efficient video generation, making it easier for users to create high-quality videos using widely accessible tools.
Along with these open-source projects, HPC-AI Tech offers two commercial platforms: hpc-ai.com and video-ocean.com. And hpc-ai.com manages AI model training, fine-tuning, and deployment – which is setting itself up as the “new DataBricks for AI.” Meanwhile, video-ocean.com enables users to produce everything from TikTok-style videos to full-length films, democratizing video creation for all skill levels.
HPC-AI Tech’s 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 fresh funding will accelerate the development of these platforms and help the company grow its client base to 300 in the next three years, targeting a 75% annual growth rate.
