Lightning AI Raised $50 Million for AI Development

Lightning AI, the well-known developer of PyTorch Lightning, has raised $50 million in investments from major players such as Cisco Investments, JP Morgan, K5 Global, and NVIDIA. The total funding raised by the company has now reached $103 million. The goal of the new investment is to expand operations and improve technology to support the growing demand for AI development tools.

The Lightning AI platform simplifies the creation and implementation of artificial intelligence by combining dozens of tools into a single cloud environment. It supports low-code and no-code solutions, significantly reducing product development time and lowering infrastructure costs. The company's flagship product, Lightning AI Studios, helps businesses build ready-to-deploy AI products in weeks.

In its first year, Lightning AI has gained more than 240,000 users from 2,000 organizations, and its PyTorch Lightning framework has been downloaded more than 160 million times. This growth is driven by the increasing demand for generative AI, with spending reaching $13.8 billion in 2024, a six-fold increase over the previous year. Lightning AI actively supports this trend by providing tools that simplify the implementation of AI and make its technologies available for widespread use in business.

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