London-based TitanML, an AI company, announced on Thursday that it has secured $2.8M (approximately €2.6M) in a pre-seed round of funding led by Octopus Ventures along with deep tech-focused angel investors.
The funding comes as the UK company launches — Titan Takeoff, which makes large language model (LLM) deployment significantly faster, and cheaper for machine learning teams.
“We see so many businesses investing heavily in AI, but most struggle to return value from their investments. Machine learning teams are facing a whole host of problems in model deployment – from GPU shortages, to concerns over privacy when deploying through third parties like OpenAI. We’re transforming what was once the most challenging part of the development cycle into the easiest and most efficient, and it’s here where our flagship product, Takeoff, comes into its own”, says Meryem Arik, CEO & Co-Founder of TitanML.
The company is on a mission to build the infrastructure layer for deep learning in the enterprise.