Artificial intelligence infrastructure firm Chalk raised $50 million in a Series A round, valuing the company at $500 million.
Chalk aims to provide real-time AI infrastructure for various sectors including FinTech, identity verification, fraud prevention, healthcare, and eCommerce.
The fundraise will enhance Chalk's ability to build a fully general compute framework for developers to create transformative real-time AI applications.
Businesses are increasingly investing in generative AI, with a significant rise expected in enterprise spending by the end of the year.