Rabbitt.AI's Leap: Challenging OpenAI with $2.1M Funding

Time:2024-08-04   

London's rising star in the GenAI space, Rabbitt.AI, recently announced the successful acquisition of $2.1 million in funding from TC Group of Companies. The company specializes in providing customized LLM development tools, RAG fine-tuning, and the creation and deployment of advanced AI applications for data center operations. Rabbitt.AI's platform integrates cutting-edge technologies such as MLOps, voice bot AI agents, and prioritizes privacy-first strategies in AI deployment.

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Founded by alumni from IIT-D, Rabbitt.AI's latest round of funding also received support from tech giants like NVIDIA, Meta, and Microsoft. The company's founder and CEO, Harneet S.N., stated, "Compared to a single large model, we have more faith in smaller, customized, and industry-specific fine-tuned models. At Rabbitt.AI, we advocate for these models and help companies adopt open-source AI technologies."

The development team of Rabbitt.AI is primarily based in India, with an office in Delhi. The company is collaborating with businesses to tailor LLMs for specific use cases and develop AI applications using generative models. One of the exciting products in development is an autonomous software engineer driven by GenAI, capable of generating production-ready software without the need for human pre-approval, utilizing Rabbitt's proprietary agent framework and finely-tuned LLMs.

Harneet emphasized, "We are committed to empowering organizations with their own data and AI capabilities. In this new world, our goal is to help companies become the landlords of the AI world, rather than just tenants of the internet world as in the past." In addition to his leadership role at Rabbitt.AI, Harneet also serves as a mentor and advisor for the University of Delhi's Startup Incubation Fund and is an official spokesperson for the Confederation of Indian Industry's Industry-Academia Collaboration Forum.

Rabbitt.AI also offers data annotation and filtering services across healthcare, education, marketing, and customer relationship management sectors. The company claims its services have surpassed OpenAI, achieving 25% higher annotation accuracy, a 30% increase in success rates, and a 15% improvement in customer satisfaction.


Author:admin

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