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Iterate.ai Secures $6.4M to Bring Secure, Scalable AI to the Edge of the Enterprise
- Iterate.ai secures $6.4 million in funding to advance enterprise-ready AI solutions, emphasizing privacy-first and locally-deployable technology.
- The funding round, led by Auxier Asset Management, includes notable investors like Peter Cobb, Mike Edwards, and Dave Zentmyer, former eBags board members.
- The firm's foresight in AI led to the development of Generate Enterprise, a privacy-focused AI assistant, and Interplay, a patent AI development platform.
- Generate enables offline AI deployment on edge devices, ensuring data privacy and enhancing performance for industries like retail and healthcare.
- Interplay complements Generate, offering a visual drag-and-drop environment for building agentic AI workflows, integrating machine learning models and semantic search capabilities.
- Iterate's CTO, Brian Sathianathan, brings hardware-software optimization expertise to Interplay, supporting diverse chipsets for adaptive performance.
- The team's track record and partnerships with tech giants like NVIDIA, Qualcomm, and TD SYNNEX underscore Iterate's enterprise readiness and credibility.
- By prioritizing security and data sovereignty, Iterate's platform empowers enterprises to control data processing, attracting customers from various sectors for secure AI deployments.
- With a focus on localized, secure, and cost-effective AI deployment, Iterate.ai aligns with the industry shift towards edge computing for AI workflows, catering to enterprise requirements.
- Embracing modularity, air-gapped deployments, and open model compatibility, Iterate.ai addresses the evolving landscape of enterprise AI, moving towards distributed and secure infrastructure.
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