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French startup FlexAI exits stealth with $30M to ease access to AI compute
French startup FlexAI has raised a hefty seed investment to "rearchitect compute infrastructure" for AI developers.
By contrast, the public cloud ecosystem that has evolved these past couple of decades serves as a fine example of how an industry has emerged from developers’ need to build applications without worrying too much about the back end. Under the hood, FlexAI is basically an “aggregator of demand,” renting the hardware itself through traditional means and, using its “strong connections” with the folks at Intel and AMD, secures preferential prices that it spreads across its own customer base. This, Tripathi said, will be funded by debt financing, building on a recent trend that has seen rivals in the space including CoreWeave and Lambda Labs use Nvidia chips as collateral to secure loans — rather than giving more equity away.
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