Featherless.ai pulls in $20M to scale serverless hosting for open-source AI models

Featherless.ai, a company specializing in serverless hosting for open-source AI models, has secured $20 million in Series A funding to expand its operations, with backing from AMD Ventures and Airbus Ventures. The investment aims to bolster the availability of open-source AI in Southeast Asia, allowing Featherless.ai to enhance its infrastructure and support for AI model deployment without the need for dedicated GPUs. The funding will enable the company to streamline its services, providing users with a cost-effective and efficient platform for AI model inference, thereby encouraging broader adoption and development of AI technologies in the region.

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