Arcee AI Completes $150M Series B Funding at $1B Valuation

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Arcee AI, a U.S.-based AI startup, has raised $150 million in Series B funding at a $1 billion valuation. The round was led by Vista Equity Partners, Cambium Capital, and Emergence Capital, with participation from M12 (Microsoft), AI10 Ventures, Hitachi, IAG, P7, and Wipro. The funds will be used to develop open-weight models, collaborate with the U.S. Department of Energy, and partner with Vista portfolio companies. This funding announcement underscores continued investor confidence in the AI and crypto sectors.

Huo Xing Cai Jing reports, according to Fortune magazine, U.S. AI startup Arcee AI has completed a $150 million Series B round at a $1 billion pre-money valuation. The round was led by Vista Equity Partners, Cambium Capital, and Emergence Capital, with participation from M12 (a Microsoft subsidiary), AI10 Ventures, Hitachi, IAG, P7, and Wipro. Arcee has not disclosed the exact amount, but sources familiar with the matter say it is at least $150 million. Founded in 2023, Arcee initially focused on fine-tuning and optimizing existing models before shifting to building open-weight models from scratch. Its founder, Mark McQuade, was an early employee at Hugging Face. The funds will be used to develop new open-weight models and products, expand collaboration with the U.S. Department of Energy, and partner with companies in Vista’s portfolio.

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