Fastino Raises $7M in Pre-Seed Funding to Advance Foundation AI Models for Enterprises
Fastino develops task-optimized language models specifically designed for enterprise applications, prioritizing accuracy, speed, and security.
Company Name: Fastino
Location: Palo Alto, CA
Sector: AI, Foundation Models, Enterprise AI
Funding Details:
Fastino, a new provider of foundation AI models, announced a $7 million pre-seed funding round led by Insight Partners and M12, Microsoft’s Venture Fund. Additional investors included NEA, Valor, and GitHub CEO Thomas Dohmke, among others.
Purpose of Funding:
The funds will be used to scale Fastino's operations and accelerate its development of high-performance AI models tailored for enterprise use cases.
About Fastino:
Fastino develops task-optimized language models specifically designed for enterprise applications, prioritizing accuracy, speed, and security. Built for versatile deployment across environments, its models deliver near-instant inferencing on CPUs, enabling flexible and efficient AI integration without heavy GPU reliance.
Key features include:
- Purpose-Built Architecture for Enterprise Needs: Fastino’s models are engineered for critical tasks like structuring textual data, retrieval-augmented generation (RAG) systems, summarization, and task planning.
- High-Speed CPU Inferencing: Fastino’s architecture is designed to run up to 1000x faster than traditional large language models, supporting real-time responses and reducing GPU dependency.
- Enhanced Security and Reliability: Task-optimized models reduce vulnerability to adversarial attacks and hallucinations, offering safer, privacy-focused AI systems for enterprises.
Leadership:
- CEO: Ash Lewis
- COO: George Hurn-Maloney
Fastino’s innovative approach offers enterprises a powerful foundation model solution that balances performance and security, enabling safer and more efficient AI-driven applications.