Israeli startup Decart is reportedly raising US$25 million with a valuation of US$500 million.

This follows a seed funding round last month, securing US$21 million at a US$100 million valuation.

Benchmark is leading the current funding round. The seed round was led by Sequoia Capital, with participation from Oren Zeev.

Decart was founded in 2023 by Dean Leitersdorf and Moshe Shalev, both veterans of Israel’s Unit 8200.

Decart focuses on AI infrastructure, aiming to boost AI model efficiency. Its platform enhances training speeds and real-time inference capabilities.

Recent AI developments

Timeline 26-Nov-2024 🤖 AI researcher Yi Tay returns to Google DeepMind Yi Tay rejoins Google DeepMind after startups. He’ll focus on LLM research as a senior scientist. 21-Nov-2024 🎨 AI and design: a powerful convergence SUTD launches Design AI and Tech Awards. Aims to boost innovation and real-world impact. 19-Nov-2024 📉 AI cuts freelance writing demand by 30%: study 30% drop in demand for writing tasks noted. Rise in job complexity, with 5.71% higher pay offered. 15-Nov-2024 👨‍💻 AI researcher leaves Google, launches tech startup François Chollet leaves Google after 10 years. Jeff Carpenter to replace him as Keras lead. 14-Nov-2024 🗣️ AI Singapore unveils Singlish for healthcare, emergency use AI model understands Singlish for healthcare. 90% accuracy aids emergency responders’ calls. 13-Nov-2024 💼 AI startup Zeplyn secures $3m seed Leo Capital leads $3M funding for Zeplyn Zeplyn automates tasks for financial advisors ……