Arcee AI, which develops open-weight models in the US, raised a Series B at a $1B pre-money valuation; a source says Arcee raised at least $150M (Allie Garfinkle/Fortune)
US open AI model developer Arcee AI closed a Series B round at a $1 billion pre-money valuation. According to a source, the company raised at least $150 million.
- Arcee AI develops open AI models in the US
- Series B round held at $1B pre-money valuation
- Source: amount raised is at least $150M
- Company founded in 2023 by Mark McQuade
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