webAI secures $24M Series A from Sequoia
webAI, an Austin, TX-based AI development platform provider, has raised an additional undisclosed funding, bringing total investments to $60M.
The latest round saw participation from undisclosed investors. The funds will help webAI expand its development efforts, furthering its mission to democratize AI access and drive innovation in distributed AI.
Led by CEO David Stout, CRO Ethan Baird, and CIO Tyler Mauer, webAI focuses on creating localized AI infrastructure as a secure alternative to cloud-based solutions.
webAI aims to streamline AI model training and deployment through a unified execution layer integrating cloud services and local devices. The company also announced the appointment of three new board members.