FedML - About the company
FedML is a seed company based in Los Angeles (United States), founded in 2020 by Aiden He and Salman Avestimehr. It operates as a Provider of an open-source MLOps platform for research. FedML has raised $11.5M in funding from Camford Capital, with a current valuation of $*****. The company has 33 active competitors, including 9 that are funded. Its top competitors include companies like Flower, Integrate and FLock.
Key Metrics
Founded Year
2020
Location
Los Angeles, United States
Stage
Seed
Total Funding
$11.5M in 1 round
Latest Funding Round
Post Money Valuation
$***** as on Jul 19, 2023
Investors
Ranked
8th among 33 active competitors
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FedML's funding and investors
FedML has raised a total funding of $11.5M over 1 round. Its latest funding round was a Seed round on Jul 19, 2023 for $*****. 11 investors participated in its latest round. FedML has 12 institutional investors.
Here is the list of recent funding rounds of FedML:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jul 19, 2023 | 3564772 | Seed | 7060012 | 4003167 | 7652696 | 7530145 |
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FedML's founders and board of directors
Founder? Claim ProfileThe founders of FedML are Aiden He and Salman Avestimehr.
Here are the details of FedML's key team members:
- Aiden He: Co-Founder of FedML.
- Salman Avestimehr: Co-Founder & CEO of FedML.
View details of FedML's Founder profiles and Board Members
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FedML's Competitors and alternates
Top competitors of FedML include Flower, Integrate and FLock. Here is the list of Top 10 competitors of FedML, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | ML framework for federated learning | $24.1M | 61/100 | ||
2nd | Provider of a federated AI platform for data evaluation solutions | $39.6M | 57/100 | ||
3rd |  FLock 2022, London (United Kingdom), Seed | Provider of a decentralized AI training and model-sharing platform based on blockchain technology | $11M | 54/100 | |
4th | Provider of data analytics solutions for life science industry | $20.8M | 49/100 | ||
5th | Sherpa 2012, Palo Alto (United States), Series B | Cloud-based federated learning platform for enterprises | $34.7M | 49/100 | |
6th | Bit Fount 2019, London (United Kingdom), Series A | Cloud and AI based data science paltform | $13M | 47/100 | |
7th | Provider of cloud and AI-based federated learning solutions for training models | - | 40/100 | ||
8th |  FedML 2020, Los Angeles (United States), Seed | Provider of an open-source MLOps platform for research | $11.5M | 37/100 | |
9th |  Devron 2020, North Brunswick (United States), Deadpooled | Provider of machine learning and data science platform | $15M | 33/100 | |
10th | Katulu Federated Learning - AI in harmony with data privacy | Katulu | - | - | 32/100 |
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FedML's Investments and acquisitions
FedML has made no investments or acquisitions yet.
Reports related to FedML
Here is the latest report on FedML's geography:
News related to FedML
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FEDML Nexus AI: The Next-Gen Cloud Services for LLMs and Generative AIBusiness Wire•Oct 24, 2023•FedML
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FedML raises $11.5 to combine MLOps tools with a decentralized AI compute networkTechCrunch+•Jul 19, 2023•https://fedml.com, Camford Capital, Road Capital, Finality Capital and 10 others
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FedML Secures $6 Million to Unleash “Collaborative AI” for Large-Scale AI Training, Deployment and CustomizationBusiness Wire•Mar 28, 2023•FedML, Theta Token, Camford Capital, Plug and Play Tech Center and 3 others
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Konica Minolta UK partners with Solimar SystemsThe Recycler•Mar 02, 2023•Konica Minolta, Solimar Systems, FedML
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Theta Network to enable collaborative machine learning with new partnershiphttp://worldfin.news•Feb 17, 2023•Theta Token, FedML
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