Arcee Electronics
Business Services · Massachusetts, United States · 201-500 Employees
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Overview
Headquarters
130 Eastern Ave, Malden, Massachusetts, ...Phone Number
+91 9223544600Website
www.arcee.comRevenue
$19.4 MillionIndustry
About Arcee Electronics
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Arcee Electronics Tech Stack
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Arcee Electronics News & Media
Small language models rising as Arcee AI lands $24M Series A
Arcee AI is enabling small language models with a $24M Series A funding round and the launch of Arcee Cloud. This innovative platform offers a hosted SaaS version of their AI, complementing the in-VPC Arcee Enterprise. Led by Emergence Capital, the funding underscores growing investor confidence in efficient, domain-specific AI. Arcee's Co-Founder and CEO, Mark McQuade, discusses the shift towards small language models for specialized tasks, highlighting their cost-effectiveness, faster deploymeArcee is a secure, enterprise-focused platform for building GenAI
While working at Hugging Face, engineers Mark McQuade and Brian Benedict ran into challenges helping enterprise customers adopt GenAI. Some companies didn’t want to use closed-source AI APIs due to the perceived lack of transparency — but also resisted open source models over security concerns. “We came to realize that the primary challenge was overcoming […] © 2023 TechCrunch. All rights reserved. For personal use only.
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