Nvidia, Dell back $200M round for AI model developer doubleAI

Nvidia, Dell back $200M round for AI model developer doubleAI

Artificial intelligence developer doubleAI today announced that it has raised $200 million in funding.

Lightspeed and Bessemer co-led the Series A round. They were joined by Nvidia Corp., Dell Technologies Inc. and several others. CTech reported that the investment values doubleAI at more than $1 billion.

Tel Aviv-based doubleAI, officially AA-I Technologies Ltd., has created an AI model called Maxwell that can automatically make software code more efficient. It also…