Lightning AI Secures $50M to Advance AI Development and Deployment
Lightning AI is the creator of PyTorch Lightning, a widely used deep learning framework with over 160 million downloads.
Company Name: Lightning AI
Location: New York City, NY
Industry: AI Development and Deployment
Funding Details:
Lightning AI raised $50M in funding from Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA, bringing its total funding to $103M.
Purpose of Investment:
The funds will be used to expand operations and accelerate development efforts.
Leadership:
William Falcon, Founder and CEO
Product:
Lightning AI is the creator of PyTorch Lightning, a widely used deep learning framework with over 160 million downloads. The company’s flagship product, Lightning AI Studios, provides an integrated platform for training, fine-tuning, deploying, and scaling AI models. It simplifies the AI lifecycle, enabling enterprises to develop deployment-ready AI products in weeks instead of months, while reducing infrastructure complexity and costs.
About the Company:
Lightning AI has garnered 240,000 users across 2,000 organizations. Its cloud-based, collaborative development environments make complex AI tasks—such as model fine-tuning, deployment, and agent building—intuitive and efficient, akin to the user experience of an iPhone.
