Founded Year

2016

Stage

Series B | Alive

Total Raised

$108M

Last Raised

$93M | 8 yrs ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

-90 points in the past 30 days

About Petuum

Petuum specializes in the development of generative artificial intelligence (AI) with a focus on transparency within the artificial intelligence field. The company offers solutions that provide control from the infrastructure to the application layer, catering to the needs of AI researchers, technologists, and practitioners. Petuum's initiatives, including proprietary and open-source projects like CASL and LLM360, aim to support the adoption of machine learning and generative AI across various organizations. It was founded in 2016 and is based in Pittsburgh, Pennsylvania.

Headquarters Location

2555 Smallman Street Suite 120

Pittsburgh, Pennsylvania, 15222,

United States

952-201-9352

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Petuum's Products & Differentiators

    Platform

    wei

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Research containing Petuum

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Petuum in 1 CB Insights research brief, most recently on Feb 14, 2024.

Expert Collections containing Petuum

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Petuum is included in 3 Expert Collections, including AI 100 (All Winners 2018-2025).

A

AI 100 (All Winners 2018-2025)

99 items

Winners of CB Insights' annual AI 100, a list of the 100 most promising AI startups in the world.

G

Game Changers 2018

70 items

A

Artificial Intelligence (AI)

20,629 items

Petuum Patents

Petuum has filed 29 patents.

The 3 most popular patent topics include:

  • artificial intelligence
  • machine learning
  • artificial neural networks
patents chart

Application Date

Grant Date

Title

Related Topics

Status

1/6/2020

8/8/2023

Machine learning, Numerical climate and weather models, Mathematical optimization, Genetic algorithms, Data management

Grant

Application Date

1/6/2020

Grant Date

8/8/2023

Title

Related Topics

Machine learning, Numerical climate and weather models, Mathematical optimization, Genetic algorithms, Data management

Status

Grant

Latest Petuum News

MBZUAI: Large language model K2-65B launches globally, setting a new standard for sustainable performance

May 30, 2024

The UAE’s latest cost-effective, open-source LLM to advance knowledge sharing, fundamental research and development, and technological transfer in generative artificial intelligence (AGI) Press Release PHOTO ​​​​​Abu Dhabi, UAE: Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), in collaboration with Petuum and LLM360, announces the launch of K2-65B, a ground-breaking open-source 65-billion parameter large language model (LLM). K2 sets new standards in transparency and performance for open-source artificial intelligence (AI) by providing a blueprint for documenting and studying the full lifecycle of LLMs, including all reproduction details. Using LLM360’s LLM release framework enables the community-led pursuit of the artificial general intelligence (AGI) vision through peer-reviewed, transparent, reproducible, and collaborative open-source research and development of LLMs. The model is available globally and freely under the Apache 2.0 license. K2-65B is the only third-party reproducible LLM to outperform major private sector state-of-the-art LLMs, such as the Llama 2 70B. K2 was trained on 1.4 trillion tokens using 480 A100’s inside of NVIDIA’s DGX Cloud, using 35% fewer resources than Llama 2 70B, making it one of the world’s most sustainable models in its class. In certain areas of strategic interest, such as mathematical and logical reasoning, K2 is competitive against much larger models such as GPT-4. LLMs have become one of the most important tools in natural language processing (NLP), enabling computers to understand and generate text in a way that is similar to how humans communicate. UAE companies have made important progress in this field in recent years, notably the world’s most advanced Arabic LLM Jais – developed in partnership with Core42, MBZUAI, and Cerebras Systems, as the nation continues to pursue a strategy to build its reputation as a key AI destination. MBZUAI President and University Professor, Eric Xing, who supported the development of K2, as well as other large-scale AI systems under the university’s Institute of Foundation Models (IFM), said: “The launch of K2-65B demonstrates the UAE’s growing prowess in superior LLM development. The model epitomizes the importance of embracing an open and collaborative approach to create LLMs with unmatched performance and efficiency, and the power to bring transformation to all sectors and organizations.” Trained in two stages, K2-65B underwent rigorous evaluation through 22 multidisciplinary assessments, ensuring a comprehensive performance assessment across various domains including math, coding, and medicine, among others, with the new model surpassing Llama 2 70B across each of these areas. Even in competitive arenas like the Open LLM Leaderboard, K2-65B demonstrated high-quality performance metrics. The chat model, K2-Chat, outperforms Llama 2 70B Chat in every aspect of evaluation, underscores its capabilities in understanding and generating human-like responses across diverse scenarios. Petuum’s Head of Engineering and the lead developer of the model, Hector Liu, said: “Providing the blueprint for reproducing K2 is paramount to advancing the world’s knowledge, research ability, and development options for large language models. Releasing a model of this size and quality, along with reproduction steps, will have reverberating positive effects for the open-source ecosystem as the community engages with the model and benefits from our learnings, similar to what we have seen with prior LLM360 models, such as Amber and CrystalCoder.” What sets K2-65B apart from existing LLMs is its full transparency enabled through the LLM360 Pretraining and Developer Suites. Equipped with detailed training guides, intermediate checkpoints, and evaluation results, K2-65B ensures reproducibility and auditability throughout its development process. Using less computing power than comparable LLMs, K2-65B supports greater operational efficiency and reduced energy consumption, enabling users around the world to adhere to sustainable computing practices. In addition, the LLM360 Research Suite offers a wealth of artifacts to study training dynamics, providing researchers and developers with invaluable resources for further exploration. Looking ahead, the developers plan to incorporate image understanding capabilities and ongoing development and evaluation initiatives aimed at continually enhancing its performance and versatility. -Ends- About Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) MBZUAI is a graduate, research university focused on artificial intelligence, computer science, and digital technologies across industrial sectors. The university aims to empower students, businesses, and governments to advance artificial intelligence as a global force for positive progress. MBZUAI offers various graduate programs designed to pursue advanced, specialized knowledge and skills in artificial intelligence, including computer science, computer vision, machine learning, natural language processing, and robotics. For more information, please visit www.mbzuai.ac.ae To apply for admission, visit mbzuai.ac.ae or contact admission@mbzuai.ac.ae. For press inquiries, please contact: Amy Rogers, MBZUAI’s Senior Communications Specialist media@mbzuai.ac.ae Send us your press releases to  pressrelease.zawya@lseg.com Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release. The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk. To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages. © ZAWYA 2024

Petuum Frequently Asked Questions (FAQ)

  • When was Petuum founded?

    Petuum was founded in 2016.

  • Where is Petuum's headquarters?

    Petuum's headquarters is located at 2555 Smallman Street, Pittsburgh.

  • What is Petuum's latest funding round?

    Petuum's latest funding round is Series B.

  • How much did Petuum raise?

    Petuum raised a total of $108M.

  • Who are the investors of Petuum?

    Investors of Petuum include Advantech Capital, SoftBank, Northern Light Venture Capital, Tencent and Oriza Ventures.

  • Who are Petuum's competitors?

    Competitors of Petuum include DataProphet and 3 more.

  • What products does Petuum offer?

    Petuum's products include Platform.

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