DoubleAI launched a new AI model category to cut compute costs. It is based in Tel Aviv. Amnon Shashua co-founded and leads the company. Shashua also co-founded Mobileye. Investors include Lightspeed, Bessemer, Nvidia and Dell. DoubleAI has raised $220 million in total. It claims a 67% cost cut for one early customer. Shashua will step down as Mobileye CEO once a successor is named.
What it unlocks
Lowering company compute costs with a new AI model category.
- 67% compute cost reduction
- $220 million raised
Sources