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FedML Raises $6M in Funding

Collaborative AI firm FedML has raised $6m in seed and pre-seed funding from investors including Camford Capital, Plug and Play Ventures, AimTop Ventures, Acequia Capital, and LDV Partners. The company, led by CEO Salman Avestimehr and CTO Dr. Chaoyang He, offers an open-source library and enterprise software platform to train, deploy, and customize machine learning models across edge and cloud nodes at any scale. Its distributed MLOps platform enables sharing of data, models, and compute resources in a way that preserves data privacy and security. FedML is used by more than 1,900 developers and 10 large enterprise customers across multiple verticals.

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