September 04, 2024
Sakana AI, a startup based in Tokyo and founded a year ago, has teamed up with Nvidia, a US chipmaker, to enhance Japan’s AI sector. The startup’s founders include researchers from Google. Besides partnering with Nvidia, Sakana AI secured $100 million in Series A funding from major investors such as New Enterprise Associates, Khosla Ventures, and Lux Capital, with Nvidia also participating. This funding will be used to develop talent and infrastructure, focusing on sustainable and energy-efficient AI technologies inspired by nature.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Sakana AI | $100M | September 4, 2024 | Series A | New Enterprise Associates, Khosla Ventures and Lux Capital | AI |
This development coincides with Japan’s efforts to strengthen its Web3 industry through supportive tax reforms. The country’s financial regulator is planning a tax code overhaul in 2025, which may include lower tax rates for crypto assets.
The collaboration with Nvidia involves research, access to data centers, and the creation of new methods for efficient foundation model development. According to Jensen Huang, Nvidia’s founder and CEO, Sakana AI is playing a key role in democratizing AI in Japan by developing advanced foundation models that accelerate scientific discovery using Nvidia’s computing platform.
Sakana AI notes that Japan’s current AI talent pool is smaller compared to leading cities in China and the US. However, this partnership with Nvidia is expected to elevate Japan’s AI community, leading to more events, hackathons, and university outreach.
Sakana AI aims to establish a top-tier AI lab in Japan to create technologies that will help the country and its allies address challenges throughout the 21st century.
About Sakana AI
Sakana AI is a research and development company based in Tokyo, Japan. They focus on creating advanced AI technologies inspired by nature. The company collaborates with Nvidia to enhance AI research and infrastructure in Japan. They aim to build a world-class AI lab and develop technologies to address future challenges. Sakana AI also works on community-building activities like hosting events and hackathons to boost Japan’s AI talent.
Website: https://sakana.ai/
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New Enterprise Associates, Khosla Ventures, and Lux Capital, with Nvidia also participating
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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