Octo AI is a technology company which offers AI-driven infrastructure solutions to developers and enterprises. This company was founded by Luis Ceze Ph.D, Jared Roesch, Jason Knight Ph.D, Tianqi Chen, and Thierry Moreau Ph.D in 2019 and is headquartered in Seattle, WA. Their platform is designed to simplify AI development workflows, focusing on rapid deployment of machine learning models. Octo AI strives to reduce both time and resource costs associated with AI model creation, with the goal of enabling more efficient and scalable AI implementations across various industries.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/01/2021 | Series C-1 | $3.7MM | $xx.xx | $809.18MM | Addition, Amplify Partners, Madrona Venture Group, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
397,681
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Amplify Partners, Madrona Venture Group, Tiger Global Management
|
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11/01/2021 | Series C-2 | $81.3MM | $xx.xx | $809.18MM | Addition, Amplify Partners, Madrona Venture Group, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
5,817,926
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Amplify Partners, Madrona Venture Group, Tiger Global Management
|
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03/17/2021 | Series B | $28MM | $xx.xx | $245.86MM | Addition, Amplify Partners, Madrona Venture Group | |
Price per Share
$xx.xx
Shares Outstanding
6,026,038
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Addition, Amplify Partners, Madrona Venture Group
|
||||||
04/03/2020 | Series A | $15.67MM | $xx.xx | $76.19MM | Amplify Partners, Madrona Venture Group | |
Price per Share
$xx.xx
Shares Outstanding
9,144,488
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplify Partners, Madrona Venture Group
|
||||||
10/03/2019 | Series Seed-1 | $359,999.52 | $xx.xx | $25.68MM | Amplify Partners, Madrona Venture Group | |
Price per Share
$xx.xx
Shares Outstanding
2,999,996
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplify Partners, Madrona Venture Group
|
||||||
10/03/2019 | Series Seed-2 | $470,000.00 | $xx.xx | $25.68MM | Amplify Partners, Madrona Venture Group | |
Price per Share
$xx.xx
Shares Outstanding
1,468,750
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplify Partners, Madrona Venture Group
|
||||||
10/03/2019 | Series Seed-3 | $3.1MM | $xx.xx | $25.68MM | Amplify Partners, Madrona Venture Group | |
Price per Share
$xx.xx
Shares Outstanding
4,171,428
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Amplify Partners, Madrona Venture Group
|