Cake, a managed open-source AI infrastructure platform, has successfully raised $13 million in a seed funding round to make advanced AI accessible to mid-market companies. The round was led by Gradient, Google’s early-stage AI fund, with contributions from Primary Venture Partners, Alumni Ventures, Friends & Family Capital, Correlation Ventures, Firestreak Ventures, and seasoned industry investors.
This funding highlights Cake’s mission to eliminate the technical barriers that prevent smaller companies from leveraging cutting-edge AI technologies.
Funding and Industry Impact
- Investors:
- Lead: Gradient (Google’s early-stage AI fund).
- Other Participants: Primary Venture Partners, Alumni Ventures, Correlation Ventures, and more.
- Purpose:
- To accelerate AI adoption in mid-market sectors by providing an easy-to-use, managed AI infrastructure platform.
Key Features of Cake’s Platform
Leadership Insights
- Misha Herscu, CEO and Co-Founder, Cake:“At Cake, we’re enabling businesses of any size to deploy cutting-edge AI technologies quickly and without the need for extensive engineering teams. Our platform makes AI accessible and production-ready within days or even hours.”
- Scott Stafford, CTO, Ping Data Intelligence:“With Cake, we achieve the impact of two to three technical hires at half the cost of one. Their platform ensures we stay competitive and agile in the fast-evolving AI landscape.”
- Darian Shirazi, Managing Partner, Gradient:“Cake has built a solution that resonates deeply with customers. Their approach ensures even non-technical companies can deploy AI confidently into production.”
Cake’s platform is poised to redefine AI accessibility for mid-market businesses across industries such as financial services, healthcare, e-commerce, and SaaS. By combining open-source innovation with a robust infrastructure, Cake empowers companies to stay at the forefront of AI advancements without the complexity of managing large engineering teams.