Nvidia, Dell back $200M round for AI model developer doubleAI

Tel Aviv-based doubleAI raised $200 million in a Series A led by Lightspeed and Bessemer, with Nvidia and Dell participating, at a valuation above $1 billion. The company will spend half the round on 1,000 Nvidia B300 Blackwell GPUs for its Maxwell model, which optimizes software binaries.

• $200M Series A co-led by Lightspeed and Bessemer
• Valuation exceeds $1 billion
• Half the round goes to 1,000 Nvidia B300 Blackwell GPUs
• Maxwell sped up 55% of cuGraph algorithms by 2x or more