PYMNTS.com August 5, 2024
Contextual AI has raised $80 million in a Series A funding round to scale operations and accelerate the go-to-market for its production-grade large language models (LLMs) for enterprises.
The company launched in 2023 and has since deployed its enterprise artificial intelligence (AI) platform in production with Fortune 500 companies and published research on its RAG 2.0 technology, according to a Thursday (Aug. 1) press release.
Its platform lets enterprises build RAG 2.0 applications in minutes and customize them with end-to-end machine learning (ML), according to the release.
“Enterprises can deploy the platform on our secure SaaS [software-as-a-service] infrastructure or on-prem within their own environment,” Contextual AI said in the release. “With on-prem deployment, there’s no need to send your data...
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