Rain AI Overview
- Year Founded
-
2017
- Status
-
Private
- Employees
-
43
- Latest Deal Type
-
Series B
- (Upcoming)
- Latest Deal Amount
-
$150M
- Investors
-
43
Rain AI General Information
Description
Developer of a hardware and software platform designed to optimize energy use in the computation of large, complex AI models. The company offers proprietary compute-in-memory technology and provides neural networks that require massive amounts of power and time to learn all the synaptic connections, enabling AI researchers and developers to reduce energy consumption while powering the development of Artificial General Intelligence (AGI).
Contact Information
Website
www.rain.aiCorporate Office
- 1747 Broadway Street
- Redwood City, CA 94063
- United States
Corporate Office
- 1747 Broadway Street
- Redwood City, CA 94063
- United States
Rain AI Timeline
Rain AI Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 13. Later Stage VC (Series B) | $150M | Upcoming | Generating Revenue | |||
| 12. Secondary Transaction - Private | Completed | Product In Beta Test | ||||
| 11. Later Stage VC (Series A) | 26-May-2024 | Completed | Product In Beta Test | |||
| 10. Later Stage VC | 14-Aug-2023 | Completed | Product Development | |||
| 9. Secondary Transaction - Private | 30-Jun-2023 | Completed | Product Development | |||
| 8. Later Stage VC | Completed | Product Development | ||||
| 7. Later Stage VC | 21-Jun-2022 | Completed | Product Development | |||
| 6. Early Stage VC (Series A) | 01-Jul-2021 | Completed | Product Development | |||
| 5. Debt - PPP | 27-Apr-2020 | $208K | $8.12M | Completed | Startup | |
| 4. Early Stage VC (Series A) | 23-Aug-2018 | $3M | $8.12M | Completed | Startup |
Rain AI Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A-1 | ||||||||
| Series A-2 | ||||||||
| Series A-4 | ||||||||
| Series A-3 | 1,404,550 | $0.000001 | $1.89 | $1.89 | 1x | $1.89 | 4.8% | |
| Seed | 3,128,676 | $0.000001 | $0.82 | $0.82 | 1x | $0.82 | 10.69% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
Rain AI Comparisons
Industry
Financing
Details
Rain AI Competitors (11)
One of Rain AI’s 11 competitors is Groq, a Venture Capital-Backed company based in Mountain View, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Groq | Venture Capital-Backed | Mountain View, CA | ||||
| Graphcore | Formerly VC-backed | Bristol, United Kingdom | ||||
| SambaNova Systems | Venture Capital-Backed | Palo Alto, CA | ||||
| Lightmatter | Venture Capital-Backed | Mountain View, CA | ||||
| Sagence AI | Venture Capital-Backed | Santa Clara, CA |
Rain AI Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
-
Verticals
Rain AI Patents
Rain AI Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20250117441-A1 | Convolution operations with in-memory computing | Pending | 05-Oct-2023 | ||
| US-20250103680-A1 | System and method of transposed matrix-vector multiplication | Pending | 21-Sep-2023 | ||
| US-20250045224-A1 | Tiled in-memory computing architecture | Pending | 31-Jul-2023 | ||
| US-20250028946-A1 | Parallelizing techniques for in-memory compute architecture | Pending | 21-Jul-2023 | ||
| US-20250028674-A1 | Instruction set architecture for in-memory computing | Pending | 19-Jul-2023 | G06F9/30036 |
Rain AI Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Rain AI Investors (43)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Biosphere Investment Group | Venture Capital | Minority | ||
| Buckley Ventures | Venture Capital | Minority | ||
| Epic Venture Partners | Venture Capital | Minority | ||
| Explorer Equity Group | PE/Buyout | Minority | ||
| Grep VC | Venture Capital | Minority |
Rain AI FAQs
-
When was Rain AI founded?
Rain AI was founded in 2017.
-
Where is Rain AI headquartered?
Rain AI is headquartered in Redwood City, CA.
-
What is the size of Rain AI?
Rain AI has 43 total employees.
-
What industry is Rain AI in?
Rain AI’s primary industry is Other Healthcare Technology Systems.
-
Is Rain AI a private or public company?
Rain AI is a Private company.
-
What is the current valuation of Rain AI?
The current valuation of Rain AI is .
-
What is Rain AI’s current revenue?
The current revenue for Rain AI is .
-
How much funding has Rain AI raised over time?
Rain AI has raised $67M.
-
Who are Rain AI’s investors?
Biosphere Investment Group, Buckley Ventures, Epic Venture Partners, Explorer Equity Group, and Grep VC are 5 of 43 investors who have invested in Rain AI.
-
Who are Rain AI’s competitors?
Groq, Graphcore, SambaNova Systems, Lightmatter, and Sagence AI are some of the 11 competitors of Rain AI.
Data Transparency
-
Meet our data hygiene team
Discover how our experts ensure you’re getting the most accurate financial data in the industry.
Read blog » -
How PitchBook sources data
Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.
Discover our process »
