TitanML secures £2.3m pre-seed funding led by Octopus Ventures for its AI deployment platform
Octopus Ventures led the pre-seed round to help launch Titan Takeoff.
TitanML develops a deep learning deployment platform that helps enterprises build and scale artificial intelligence applications. Its flagship product, Titan Takeoff, accelerates large language model deployment while reducing infrastructure costs.
TitanML has secured £2.3m in pre-seed funding to support the rollout of its large language model deployment platform. The investment round was led by Octopus Ventures, with participation from a group of specialist angels. The fresh capital arrives alongside the public launch of Titan Takeoff, a tool designed to accelerate machine learning workflows and lower compute expenses for corporate engineering teams.
Established in 2021 by researchers from University College London alongside Oxford alumni, the company focuses on optimising deep learning infrastructure. The enterprise software helps organisations bypass hardware constraints and data privacy concerns associated with third-party application programming interfaces. With early traction including enterprise clients and partnerships with major technology vendors, the team intends to use the backing to cement its position in the enterprise artificial intelligence sector.
From the founder
"We see so many businesses investing heavily in AI, but most struggle to return value from their investments. Machine learning teams are facing a whole host of problems in model deployment – from GPU shortages, to concerns over privacy when deploying through third parties like OpenAI. We’re transforming what was once the most challenging part of the development cycle into the easiest and most efficient, and it’s here where our flagship product, Takeoff, comes into its own"
Meryem Arik
CEO & Co-Founder at TitanML
Investor perspective
"There’s a lot of excitement at the moment around new language models. For companies wanting to deploy these in-house however, the reality is that it can take months of work by highly skilled data scientists that still need to optimise these models to turn them into deployable products. TitanML makes it possible for businesses to significantly reduce the processing requirements of high specification models quickly, cheaply, and with minimal trade-offs, unlocking the true potential of these technologies"
Mat Munro
Investor, Octopus Ventures
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About the company
TitanML
TitanML builds enterprise software to streamline the deployment of large language models.