Funding
LanceDB raises $30 million for multimodal AI data infrastructure
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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…
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