WebAI explained

webAI
Type:Private
Industry:Artificial Intelligence
Founded:2019
Founders:David Stout, Tyler Mauer, Ethan Baird
Location:Austin, Texas
Num Employees:60+
Products:webAI Navigator
Website:webai.com

webAI is a technology company that specializes in privacy-focused artificial intelligence (AI) solutions. The company enables organizations to deploy AI models locally on devices, minimizing reliance on cloud infrastructures. webAI's technology emphasizes data privacy, reduced latency, and optimized performance.[1]

History

webAI was founded in 2019 by David Stout, Tyler Mauer, and Ethan Baird with the goal of creating AI systems that could run directly on devices, addressing privacy concerns associated with cloud computing. In 2024, the company announced it completed its Series A funding, bringing its total capital raised to $60 million at a $700 million valuation.[2]

Products

webAI offers a platform for deploying artificial intelligence models on Apple devices, including Mac, iPad, and iPhone. The platform enables businesses to use AI models locally on their devices without relying on cloud-based processing.

The webAI platform includes several key products:

The platform emphasizes privacy and security by processing AI tasks on local devices, giving users control over their data. It also reduces costs by utilizing Apple silicon to run AI models on existing hardware, eliminating the need for cloud infrastructure. The system is designed to scale for enterprise use, allowing businesses to deploy AI models across their organization with reduced latency.[3]

Notes and References

  1. News: webAI Raises Additional Funding . FinSMEs . 11 September 2024.
  2. News: Garfinkle . Allie . In the AI boom, incumbents are better positioned to compete with startups than in previous cycles, VCs say at Goldman Sachs Communacopia . Fortune . en.
  3. News: Sellers . Dennis . webAI's AI platform now available for Macs, iPads, iPhones . Apple World Today . 29 August 2024.