OctoAI Overview

  • Year Founded
  • 2019

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 109

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $250M

  • Investors
  • 1

OctoAI General Information

Description

Developer of an automated technology designed to help engineering teams deploy machine learning models on any hardware, cloud provider, or edge device quickly. The company's technology offers a managed service using machine learning to automate machine language code generation and optimization in multi-cloud environments ensuring that the models keep on running at efficiency, enabling businesses to get secure deployments of deep learning models.

Contact Information

Website
octo.ai
Formerly Known As
OctoML
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 1000 North Northlake Way
  • Seattle, WA 98103
  • United States
Primary Industry
Business/Productivity Software
Other Industries
IT Consulting and Outsourcing
Software Development Applications
Acquirer
NVIDIA
Vertical(s)
CloudTech & DevOps, SaaS, Artificial Intelligence & Machine Learning
Corporate Office
  • 1000 North Northlake Way
  • Seattle, WA 98103
  • United States

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OctoAI Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
7. Merger/Acquisition 10-Sep-2024 $250M Completed Generating Revenue
6. Early Stage VC 10-Sep-2021 Completed Generating Revenue
5. Early Stage VC (Series B) 17-Mar-2021 Completed Generating Revenue
4. Early Stage VC (Series A) 03-Apr-2020 Completed Generating Revenue
3. Seed Round 23-Oct-2019 Completed Generating Revenue
2. University Spin-Out 24-Jul-2019 Completed Startup
1. Accelerator/Incubator Completed Startup
To view OctoAI’s complete valuation and funding history, request access »

OctoAI Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series C-2
Series C-1
Series B
Series A
Seed-3
Seed-2 1,468,750 $0.000100 $0.32 $0.32 1x $0.32 2.5%
Seed-1 2,999,996 $0.000100 $0.12 $0.12 1x $0.12 5.1%
To view OctoAI’s complete cap table history, request access »

OctoAI Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of an automated technology designed to help engineering teams deploy machine learning models on any hardware,
Business/Productivity Software
Seattle, WA
109 As of 2024

Somerville, MA
 

South Orange, NJ
 
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OctoAI Competitors (3)

One of OctoAI’s 3 competitors is Neural Magic, a Formerly VC-backed company based in Somerville, MA.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Neural Magic Formerly VC-backed Somerville, MA
Numericcal Venture Capital-Backed South Orange, NJ
Deeplite Formerly VC-backed Montreal, Canada
You’re viewing 3 of 3 competitors. Get the full list »

OctoAI Patents

  • 11

    Total Documents Applications and Grants

  • Total Patents Families

  • 6

    Granted

  • 3

    Pending

  • Expiring in next 12 mo

OctoAI Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20240386322-A1 Machine learning model instrumentation hooks Pending 19-May-2023
WO-2024242810-A1 Machine learning model instrumentation hooks Inactive 19-May-2023
US-20240303549-A1 Automatic adaptation for machine learning models Pending 06-Mar-2023
US-11216752-B1 Optimizing machine learning models Active 01-Dec-2020
US-11816545-B2 Optimizing machine learning models Active 01-Dec-2020 G06N20/00
To view OctoAI’s complete patent history, request access »

OctoAI Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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OctoAI Former Investors (12)

Investor Name Investor Type Holding Investor Since Participating Rounds
AI Venture Labs Accelerator/Incubator
Addition Venture Capital Minority
Amplify Partners Venture Capital Minority
Angel (individual) Minority
Angel (individual) Minority
You’re viewing 5 of 12 investors. Get the full list »

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OctoAI FAQs

  • When was OctoAI founded?

    OctoAI was founded in 2019.

  • Where is OctoAI headquartered?

    OctoAI is headquartered in Seattle, WA.

  • What is the size of OctoAI?

    OctoAI has 109 total employees.

  • What industry is OctoAI in?

    OctoAI’s primary industry is Business/Productivity Software.

  • Is OctoAI a private or public company?

    OctoAI is a Private company.

  • What is the current valuation of OctoAI?

    The current valuation of OctoAI is .

  • What is OctoAI’s current revenue?

    The current revenue for OctoAI is .

  • How much funding has OctoAI raised over time?

    OctoAI has raised $133M.

  • Who are OctoAI’s investors?

    AI Venture Labs, Addition, Amplify Partners, , and are 5 of 12 investors who have invested in OctoAI.

  • Who are OctoAI’s competitors?

    Neural Magic, Numericcal, and Deeplite are competitors of OctoAI.

  • When was OctoAI acquired?

    OctoAI was acquired on 10-Sep-2024.

  • Who acquired OctoAI?

    OctoAI was acquired by NVIDIA.

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