AI Startup Decart Valued at $500M After Impressive Funding and Product Launches

December 20, 2024
AI Startup Decart Valued at $500M After Impressive Funding and Product Launches
  • The company plans to release version 1.5 of Oasis soon, enabling users to create and share entire virtual worlds.

  • Decart has developed an AI infrastructure platform that enhances the training of large AI models, improving efficiency tenfold while reducing costs.

  • Leitersdorf has ambitious goals to build a trillion-dollar company, aiming to compete with major AI players like OpenAI and Anthropic.

  • Decart is also focused on enabling augmented reality and virtual reality experiences through software solutions, avoiding the complexities of hardware development.

  • Founded in late 2023 by Dean Leitersdorf and Moshe Shalev, both veterans of the IDF's Intelligence Division, Decart is a promising new player in the AI landscape.

  • Emerging from stealth mode less than two months ago, Decart aims to establish a fully vertically integrated AI research lab.

  • The startup recently raised $32 million in a Series A funding round led by Benchmark, following a $21 million seed round from Sequoia Capital and Zeev Ventures.

  • With this latest funding, Decart's post-money valuation has skyrocketed to over $500 million, a significant increase from its seed round valuation.

  • Decart has launched two primary products: an AI efficiency tool for enterprises that optimizes GPU usage and a video game called 'Oasis', both generating substantial revenue.

  • Their GPU optimization software has attracted attention by dramatically reducing operational costs from $100 per hour to as low as 25 cents.

  • Currently operating on Nvidia's H100 GPUs, Decart plans to transition to the upcoming Sohu AI chip from Etched Inc. for better performance.

  • Oasis, inspired by 'Minecraft', has gained millions of users since its launch, showcasing Decart's innovative AI world model.

Summary based on 3 sources


Get a daily email with more Startups stories

More Stories