Chuangyebang learned that recently, Luchen Technology announced the completion of $6 million in seed and angel rounds of financing. Lanchi Ventures led the angel round, and Innovation Works and ZhenFund jointly led the seed round. The two rounds of financing were quickly completed within one year. The financing funds will be mainly used to introduce more excellent teams and expand the business market.
Luchen Technology was established in Beijing in July 2021 and has set up an overseas R&D center in Singapore. Luchen Technology is committed to liberating AI productivity. Through self-developed technologies such as efficient multi-dimensional parallelism, heterogeneous memory management, large-scale optimization libraries, and adaptive task scheduling, it has built Colossal-AI, a general-purpose deep learning system for the era of large models, to efficiently promote AI. The large-scale model is applied to help enterprises realize the upgrading of AI intelligent industry at low cost.
Luchen has a world-class R&D team with core members from world-class universities such as California Berkeley, Stanford, Qingbei, Singapore National, Nanyang Technological, etc., and has published nearly 100 papers in top international academic journals or conferences. NVIDIA, IBM, Intel and other leading technology companies have worked in high-performance computing, artificial intelligence, and distributed systems for more than ten years.
Luchen Technology keenly grasps the sharp contradiction between the increase of AI model hormones and the slow growth of hardware computing power, aiming at the trillion-dollar enterprise AI market. Based on years of academic excellence and profound accumulation in the industry, it has overcome multi-dimensional tensor parallelism. , serial parallelism, heterogeneous memory management, large-scale optimization library, adaptive task scheduling and many other core key technologies, develop the core product Colossal-AI, an efficient training and inference system for general AI large models, to achieve efficient and rapid deployment of AI large models Training and inference reduce the application cost of AI large models. The Colossal-AI system has only been open sourced for a few months, and it has won about 5,000 GitHub Stars. At present, it has established cooperation with a large number of well-known manufacturers and open source communities, covering areas such as autonomous driving, cloud computing, biomedicine, chip design, and smart retail.
Facing the milestone new starting point, Professor Yang You, founder of Luchen Technology, said: “The global enterprise-level AI market has exceeded one trillion US dollars, and the transformation and upgrading of digital and intelligent industries in various industries is inseparable from the blessing of high-performance AI. Luchen Technology Colossal-AI, a general-purpose deep learning system in the era of large models, is a rigid demand for the future AI market. Our solutions can help enterprises and users to effectively reduce the cost of AI large model training and reasoning, and comprehensively assist in the implementation of AI large models. The whole industry chain is empowered by intelligent upgrading.”
In the future, Luchen Technology will continue to explore cutting-edge technologies, consolidate core functions, enrich the product matrix, and continuously improve the solutions and ecosystem of AI large models, so as to realize cost reduction and efficiency enhancement for the application of AI large models for various enterprise users, and truly liberate AI productivity.
Shi Jianping, a partner of Lanchi Venture Capital, said: “With the rapid evolution and development of AI basic models, pre-trained model architectures and large models, AI has begun to have the ability to effectively meet customer expectations and solve practical pain points. However, in the training of AI models Enterprises are faced with high costs in the process of maintenance, inference and inference. In order to allow customers to effectively integrate a wide range of AI capabilities into the life cycle of enterprises, Luchen Technology has developed a high-performance AI operation platform, and provides open source products that allow users to do it without modification. In this case, the efficiency of model training and reasoning is greatly improved, and it is ecologically friendly. As an early investor of Luchen, Lanchi is very happy to see that Luchen has been recognized by more and more users in terms of product leadership and global open source ecology. We have begun to develop rapidly, and we expect the company to accelerate and deepen the use of AI to empower all walks of life and grow into a world-renowned AI company.”
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