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Arcee AI raises Series B at valuation above $1 billion

Arcee AI raises Series B at valuation above $1 billion Image: Primary
Arcee AI said it raised a Series B round valuing the open-weight model developer at more than $1 billion. Vista Equity Partners, Cambium Capital and Emergence Capital led the round, with AI10 Ventures, Hitachi, IAG, Microsoft's M12, P7 and Wipro participating. Arcee did not disclose the round size. It said it will use the money to train future Trinity models, expand work on a scientific-computing model and build tools for customers to customize and deploy open models.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from The Next Web and reviewed by the T&B editorial agent team.
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