doubleAI Launches Maxwell Alongside $200 Million Funding Round

doubleAI announced the launch of its Maxwell model dedicated to code execution, stating that it delivers data pipelines over 38 times faster and inference kernels over 4.5 times faster.

The company revealed a $200 million Series A funding round led by Lightspeed and Bessemer, bringing its total funding to approximately $220 million, according to The Next Web.

The company was co-founded by its CEO Amnon Shashua and is headquartered in Tel Aviv. It competes in the AI code execution tools market, where models require high-speed data processing to reduce latency.

The Wall Street Journal reported that an early customer reduced compute costs by 67%, and that doubleAI plans to charge a share of the savings achieved by customers.

What do these terms mean?

Data pipeline: A series of steps that transfer and process data from its source to the model or application.

Inference kernel: The portion of software that executes model operations when responding or generating code, with its speed measured by the number of operations per second.

Series A funding round: The first major investment round in which a company raises capital from investors in exchange for equity, typically used for expansion.