Anari AI Gains $2 Million for Personalized Cloud Chips

By McKenzie Carpenter Tuesday, April 20, 2021

Anari AI, a software startup company, has announced the business has raised $2 million to continue building upon its platform.

3D rendering of a computer circuit board.

What Is Anari AI?

Founded just last year, Anari AI is an artificial intelligence (AI) software startup company that develops and manufactures personalized cloud chips for enterprises. The business claims it doesn’t create a product; it “creates possibilities.” Anari AI has locations in California and Serbia.

Anari AI created a personalizable cloud chip to help innovative global companies implement their own AI products and services. Through a team of AI experts, software engineers, and chip designers, the personalizable cloud chip allows creative freedom for customers. Other chip manufacturers produce chips for specific purposes, therefore potentially limiting the capabilities of potential clients.

With the cloud chip platform, Anari AI customers are able to build and deploy AI services in a matter of weeks, as opposed to months or even years with traditional chips. Additionally, the startup company claims the cloud chip is a fraction of the cost of traditional chips, although no pricing details were provided.

Anari AI is able to differentiate itself from other AI technology companies because these businesses often specialize in certain sectors like fintech, insurtech, and logistics management.

$2 Million in Seed Funding

Anari AI announced the business raised $2 million in seed funding led by Earlybird, with participation from Acequia Capital, Serbian Entrepreneurs, and Eric Ries. Ries is the author and founder of The Lean Startup, a book that offers business strategies for startup companies.

Roland Manger, co-founder and partner at Earlybird, said in a statement, “AI continues to be growing in size and complexity...Anari is a game changer in two ways: it removes the trade-off between performance and effort, and it makes AI-problem-specific chip solutions available instantaneously in the cloud. I am excited about this huge potential.”

According to a company press release, the personalizable chip created by the business is built on a Python-based programming framework. Furthermore, the first cloud chip Anari AI created is the Thor X, which reportedly “delivers 100x more efficient processing of 3D Point Cloud/Graph data structures” compared to a high-end graphics processing unit (GPU).

“We believe that every company deserves to have a personalized chip for their AI in just one click...With experienced investors like Earlybird on our side, we’re ready to rebuild the AI hardware industry from scratch,” Jovan Stojanovic, co-founder and CEO of Anari AI, said in a statement.

With the new capital, the business plans to continue developing its cloud chip platform and eventually bring it to the market. Additionally, Manger and Sasha Ostojic will be joining the Board of Directors for the startup company. Ostojic is the former vice president at NVIDIA, former senior vice president at Cruise Automation, advisor at Samsung Electronics and Zoox, and operating partner at Playground Global.

Mordor Intelligence reported the global cloud AI market was valued at $5.2 billion in 2020 and is projected to reach $13.1 billion by 2026 — a CAGR of 20.3% during that period.

About the Author

Headshot of McKenzie Carpenter

McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.

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