Decart AI, a San Francisco-based artificial intelligence research lab, has successfully raised $32 million in a Series A funding round led by Benchmark, with participation from existing investors Sequoia Capital and Zeev Ventures. This latest investment elevates Decart’s valuation to over $500 million and brings its total capital raised to $53 million, following a $21 million seed round just weeks prior.

Company Overview

Founded by CEO Dean Leitersdorf and co-founder Moshe Shalev, Decart AI is dedicated to developing efficiency-focused AI technologies. The company has developed an AI infrastructure platform that allows organizations to train massive AI models at scale, making them significantly more efficient and reducing the costs of training and inference. Decart’s mission is to make once-impossible virtual experiences accessible to everyone through the development of innovative foundation models.

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Breakthrough Product: Oasis

Oasis is Decart’s flagship product, the real-time AI video model containing the world’s first real-time generative capabilities. As users can experience fully interactive worlds completely powered by AI, that has been a major evolution in the field of generative AI. 

Since launch, Oasis has received mass viral attention, with access to millions of users and hundreds of millions across views on social media. What it has shown is yet-to-be-tapped potential about large-world models and interactive experiences using AI.

Funding and Valuation

The company has recently secured $32 million in Series A funding led by Benchmark, a leading venture capital firm that invests in transformational technology companies. 

Decart had previously raised $21 million in seed funding led by Sequoia Capital and Zeev Ventures. This brings the total amount raised by Decart to $53 million. The quick succession of funding rounds is a testament to the confidence investors have in the vision and technological capabilities of Decart. 

The company’s valuation has now surpassed $500 million, positioning it as a significant player in the AI industry.

Technological Innovations

Decart’s AI infrastructure platform focuses on optimizing the efficiency of GPUs when it comes to training and running AI models. This is helpful in reducing operational costs to a great extent for organizations. 

It makes workloads that could cost $100 an hour to run for just 25 cents an hour. It makes it easy for AI solutions to scale to any extent. Decart is also working on its foundation models to create interactive real-time experiences, which have proven to be successful in Oasis.

Market Impact and Reception

Since its emergence from stealth, Decart has been able to achieve early profitability and generate millions in revenue from enterprise customers. The launch of Oasis has been beyond expectation and has revealed the potential of large-world models, with a substantial user base attracted to it. Influencers and gamers around the world have embraced the AI gaming platform, which has led to its viral success and wide recognition.

Future Plans

With the new funding, Decart aims to increase its number of experts and speed up its next-generation generative AI model development. The company would redefine how people experience AI in life through the creation of intelligent, real-time interactions fully integrated into daily experiences. 

Some of the future improvements might include Oasis video resolution quality improvement and long-term memory, which brings the interactive world model much closer to the real world.

Leadership Team

The company is led by CEO and co-founder Dean Leitersdorf, a computer science prodigy who completed his undergraduate, master’s, and PhD degrees at Israel’s Technion Institute in just five years, and co-founder Moshe Shalev, a veteran of Israel’s elite 8200 intelligence unit with nearly 14 years of experience in managing and developing AI operations. Their combined expertise has been instrumental in shaping Decart’s technological strategy and driving its rapid growth.