AI startup ClustroAI completes $12 million Series A funding round

NVIDIA-backed AI infrastructure startup ClustroAI raised $12 million in Series A funding led by Forum Ventures, bringing the total amount raised to $15 million.
This round of funding will be used to advance the development of decentralized AI technology, enabling enterprises to run AI directly on local and edge devices, thereby reducing Cloud as a Service dependence, improving data privacy and cost efficiency. In addition, funds will also be used to expand ClustroAI's edge AI solutions, including distributed AI computing architecture and improvements in AI operations and hardware compatibility.