FedML has raised $6,000,000 in a pre-seed funding round led by Plug and Play Tech Center, LDV Partners, and Camford Capital. The Los Angeles-based startup provides an open-source community, an enterprise platform for decentralized and collaborative AI, and a web 3 AI marketplace for data monetization, ML models, and AI applications. With a web 3 AI marketplace, the company allows anyone to monetize their data, machine learning (ML) models, and AI applications. Led by renowned experts and backed by leading venture capitalists, FedML has gained significant traction across various industries, including healthcare, fintech/insurtech, smart city, IoT, and web3.

FedML has over 3,000 members in its open-source community, 1,700 enterprise users, and 10+ enterprise B2B customers. The company's platform enables secure and efficient AI model training, testing, and sharing while maintaining data privacy and security.

Through its marketplace, businesses and individuals can earn income by selling their data, models, and applications, creating a new revenue stream in the AI industry. Visit our latest funding round for more information: https://founderlodge.com/round/FedML-raises-6000000-Pre-Seed-2023-03-29-Salman-Avestimehr-MTE2MTk.