Latest news with #LanceDB
Reuters
24-06-2025
- Business
- Reuters
LanceDB raises $30 million for multimodal AI data infrastructure
SAN FRANCISCO, June 24 (Reuters) - Artificial intelligence data infrastructure company LanceDB raised a $30 million series A round, the company said Tuesday. The round was led by Theory Ventures, with participation from CRV, Y Combinator, Databricks Ventures and Runway. LanceDB's platform stores and processes the data that AI companies use to build advanced AI models, with a focus on multimodal AI models capable of processing and integrating various types of data including text, video, images and audio. As AI models get larger, software that helps companies manage data on cloud-based systems is increasingly important. Multimodal data sources have become more important as AI model makers have used the most easily accessible scraped data. "We are nowhere near close to being tapped out on multimodal data sources, and the next wave of AI must have sight and voice built-in," LanceDB CEO Chang She told Reuters. LanceDB's software is particularly useful for enterprises that need to store and process multimodal data like PDFs and videos to enable agentic AI workflows, where AI mimics humans to use software applications, She said. LanceDB works with AI model makers like Runway, Midjourney, World Labs, Harvey and to help manage multimodal data, the company said.
Yahoo
24-06-2025
- Business
- Yahoo
LanceDB raises $30 million for multimodal AI data infrastructure
By Anna Tong SAN FRANCISCO (Reuters) -Artificial intelligence data infrastructure company LanceDB raised a $30 million series A round, the company said Tuesday. The round was led by Theory Ventures, with participation from CRV, Y Combinator, Databricks Ventures and Runway. LanceDB's platform stores and processes the data that AI companies use to build advanced AI models, with a focus on multimodal AI models capable of processing and integrating various types of data including text, video, images and audio. As AI models get larger, software that helps companies manage data on cloud-based systems is increasingly important. Multimodal data sources have become more important as AI model makers have used the most easily accessible scraped data. "We are nowhere near close to being tapped out on multimodal data sources, and the next wave of AI must have sight and voice built-in," LanceDB CEO Chang She told Reuters. LanceDB's software is particularly useful for enterprises that need to store and process multimodal data like PDFs and videos to enable agentic AI workflows, where AI mimics humans to use software applications, She said. LanceDB works with AI model makers like Runway, Midjourney, World Labs, Harvey and to help manage multimodal data, the company said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
