5 days ago
South African AI startup Cerebrium raises R150 million to scale its innovative platform
Cerebrium, a serverless AI infrastructure platform founded in Cape Town, has announced a successful $8.5 million (R151.35m) seed funding round, led by Gradient, Google's AI venture fund, with participation from Y Combinator, Authentic Ventures, and several strategic angel investors and operators.
'It's a remarkable milestone for South African tech, as local founders secure backing from one of the most influential AI investors in the world,' a statement from Cerebrium said Tuesday.
The company and its AI platform have pioneered technical advancements that enable teams to build and scale multimodal AI applications without the traditional complexity or cost. Founded in Cape Town and now headquartered in New York City, this new funding will allow the team at Cerebrium to invest in new features and meet surging enterprise demand.
