FriendliAI, a company specializing in artificial intelligence AI inference platforms, announced it has successfully completed a seed extension funding round, raising $20 million. The investment round was led by Capstone Partners, with KB Securities participating as a follow-on investor. New investors joining the round include prominent Silicon Valley venture capital firms Sierra Ventures and Alumni Ventures, along with the Korea Development Bank (KDB).
FriendliAI provides high-performance and cost-effective inference solutions for companies that deploy large-scale AI models. The platform is designed to solve critical issues such as high infrastructure costs, slow inference speeds that impact user experience, and the complexities of managing and operating AI models. The company claims its solution can reduce GPU costs by over 50% while delivering some of the fastest inference performance on the market for both language and multimodal models.
FriendliAI plans to use the newly acquired capital to expand its sales and marketing teams to accelerate customer acquisition. The funds will also be used to scale up its infrastructure to support new clients, further invest in product development and platform improvements, and establish new partnerships with major technology providers.
