AI infrastructure company Gimlet Labs secures $300 million in funding, led by a16z

Odaily News – AI infrastructure startup Gimlet Labs has completed a $300 million funding round, raising its valuation to $3 billion. The round was led by Andreessen Horowitz (a16z), with participation from Arm Holdings and M12, the venture capital fund under Microsoft.

Gimlet Labs primarily helps customers allocate AI tasks across different types of chips, and is working with Arm to make its software compatible with multiple Arm chip technologies. (Bloomberg)