AI memory startup focused on cutting token costs raises $98 million
Engram, an AI memory startup, raised $98 million to help companies reduce AI costs by using up to 100 times fewer tokens.Summary
Engram, an 8-month-old startup, has raised $98 million from investors including General Catalyst, Kleiner Perkins, Sequoia, and OpenAI co-founder Andrej Karpathy. The company, which describes itself as the "learned memory" of AI, claims its models can recall organization-specific workflows and context to provide smarter responses at a fraction of the cost. By matching or outperforming frontier labs using up to 100 times fewer tokens, Engram addresses the rising costs of AI models. The startup, founded by Dan Biderman, a PhD in computational neuroscience, plans to use the funding for compute and talent. Its client roster includes Microsoft, Notion, and Harvey. Biderman believes Engram's models excel at specializing, offering a layer of intuition that current models lack.
(Source：Cnbc)
