Liquid AI: MIT Spinoff Company Raises $37.6 Million To Build General Purpose AI Systems

By Amit Chowdhry ● Dec 11, 2023

Liquid AI is a company that aims to build state-of-the-art, general-purpose AI systems that are capable, efficient, and trustworthy. The company also recently raised $37.6 million in a seed round of funding. The company was founded by Ramin Hasani, Mathias Lechner, Alexander Amini, and Daniela Rus, and it spun out of MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL).

OSS Capital and PagsGroup led the funding round. Additional investors include Breyer Capital, Tom Preston Werner (Github Co-founder), Naval Ravikant (AngelList and AirChat Co-founder), Safar Partners, ISAI Cap Venture (Capgemini’s VC Fund managed by ISAI), Tobias Lütke (Shopify Co-founder), David Siegel (Two Sigma), Chris Prucha (Notion Co-founder), Samsung Next, David Blundin (Link Ventures), Bold Capital Partners (Peter Diamandis), Marc Casper (President and CEO of Thermo Fisher), Duke Capital Partners, Argean Capital Management, Latham & Watkins, Bob Young (Red Hat Co-founder) and Automattic.

The company said it is developing a new generation of AI foundation models built from first principles: going beyond generative pre-trained Transformers (GPTs). And Liquid AI models build on a framework that leads to causality, interpretability, and efficiency. Plus, the company’s models enable powerful applications with a profound commitment to environmental responsibility, significantly reducing the carbon footprint of foundational models.

KEY QUOTES:

“We invested in Liquid AI, because we felt this was the Dream Team of artificial intelligence. Their technology will greatly reduce the cost of AI for companies versus the current Transformer-based models and remains adaptable beyond training. It also allows for explainability as opposed to the black box of existing models. It’s a triple threat technology that can be used as a foundational model for functional applications and vertical markets as well.”

– Stephen Pagliuca (Chairman and CEO PagsGroup)

“Liquid’s approach to advancing the state-of-the-art in AI is grounded in the integration of fundamental truths across biology, physics, neuroscience, math, and computer science. We believe that trans-disciplinary approaches will unlock the greatest levels of acceleration towards the most efficient breakthroughs.”

– Joseph Jacks (Founder and General Partner at OSS Capital)

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