A brand-new AI startup is making waves in the tech world. ElastixAI, based in Seattle, USA, has raised $16 million in funding to develop a powerful AI inference platform which designed to make large language models faster, more efficient, and more affordable.
What is ElastixAI?
ElastixAI is the brainchild of former Apple and Xnor engineers. Leading the team is Mohammad Rastegari, who previously co-founded Xnor, a company Apple bought for $200 million in 2020. His partners, Saman Naderiparizi and Mahyar Najibi, also bring strong experience from Apple and Waymo.
Their goal? To build a smarter way for AI systems to “think” and respond, without needing expensive hardware or complex setups.
Why It Matters
As more companies use AI, there’s a growing need for better performance and lower costs. ElastixAI’s platform focuses on inference technology, which helps AI generate answers quickly and accurately — whether it’s running on a small edge device or a massive cloud server.
“We see a gap in delivering AI inference at low cost and at scale,” Rastegari told GeekWire. Their solution gives businesses the flexibility to adjust AI setups to their exact needs.
Big Backing and Bold Plans
ElastixAI isn’t doing this alone. It has secured investments from firms like FUSE, Catapult, Liquid2Ventures, DNX Ventures, and more. According to FUSE partner Cameron Borumand, the team is well-positioned to take on the challenge of making AI faster and more scalable.
The company is currently in stealth mode, meaning full details of its technology are still under wraps. But with a strong team and serious backing, many are watching closely.
Quick Facts:
- Startup Name: ElastixAI
- Location: Seattle, USA
- Funding Raised: $16 million
- Focus: AI inference for large language models
- Founders: Ex-Apple and Xnor engineers
- Goal: Make AI faster, cheaper, and easier to use on any device