Rain AI Overview
- Year Founded
-
2017
- Status
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Private
- Employees
-
48
- Latest Deal Type
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Series B
- (Cancelled)
- Latest Deal Amount
-
$150M
- Investors
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39
Rain AI General Information
Description
Developer of AI hardware designed to improve the energy efficiency of artificial intelligence computing. The company offers compute-in-memory architecture, hardware and algorithm co-design, and machine learning optimization tools, enabling artificial intelligence developers and enterprise technology providers to reduce energy consumption for AI training and inference.
Contact Information
Website
www.rain.aiCorporate Office
- 3182 Campus Drive
- Suite 270
- San Mateo, CA 94403
- United States
Corporate Office
- 3182 Campus Drive
- Suite 270
- San Mateo, CA 94403
- 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) | 20-Nov-2024 | $150M | Cancelled | Generating Revenue | ||
| 12. Secondary Transaction - Private | Completed | Generating Revenue | ||||
| 11. Later Stage VC (Series A) | 26-May-2024 | Completed | Generating Revenue | |||
| 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 (Series A1) | 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
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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 (12)
One of Rain AI’s 12 competitors is Graphcore, a Formerly VC-backed company based in Bristol, United Kingdom.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Graphcore | Formerly VC-backed | Bristol, United Kingdom | ||||
| Groq | Venture Capital-Backed | Mountain View, CA | ||||
| SambaNova Systems | Venture Capital-Backed | San Jose, CA | ||||
| NVIDIA | Formerly VC-backed | Santa Clara, CA | ||||
| Lightmatter | Private Equity-Backed | Mountain View, 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-12608439-B2 | System and method of transposed matrix-vector multiplication | Active | 21-Sep-2023 | ||
| US-20250103680-A1 | System and method of transposed matrix-vector multiplication | Active | 21-Sep-2023 | ||
| EP-4754625-A2 | Improved tiled in-memory computing architecture | Pending | 31-Jul-2023 | ||
| WO-2025029833-A2 | Improved tiled in-memory computing architecture | Inactive | 31-Jul-2023 | ||
| WO-2025029833-A3 | Improved tiled in-memory computing architecture | Inactive | 31-Jul-2023 | G06F13/28 |
Rain AI Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Rain AI Investors (39)
| 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 | ||
| Half Court Ventures | Venture Capital | Minority |
Rain AI FAQs
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When was Rain AI founded?
Rain AI was founded in 2017.
-
Where is Rain AI headquartered?
Rain AI is headquartered in San Mateo, CA.
-
What is the size of Rain AI?
Rain AI has 48 total employees.
-
What industry is Rain AI in?
Rain AI’s primary industry is Business/Productivity Software.
-
Is Rain AI a private or public company?
Rain AI is a Private company.
-
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 Half Court Ventures are 5 of 39 investors who have invested in Rain AI.
-
Who are Rain AI’s competitors?
Graphcore, Groq, SambaNova Systems, NVIDIA, and Lightmatter are some of the 12 competitors of Rain AI.
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