Boris Valkov, a former Meta AI engineer instrumental in developing PyTorch, has raised $14 million for his new venture, Lace. Lace is an AI-powered revenue generation software startup. Valkov's background in creating one of the world's foremost machine learning libraries gives Lace a significant advantage in the competitive AI landscape.
Lace aims to leverage AI to optimise revenue generation strategies for businesses. The funding will likely be used to further develop Lace's AI capabilities, expand its team, and scale its market reach. Valkov's departure from Meta to focus on Lace highlights the increasing trend of AI experts venturing into entrepreneurial endeavours, driving innovation beyond established tech giants.
The investment in Lace signals strong investor confidence in AI-driven solutions for business growth. It also underscores the value of expertise gained from developing foundational AI technologies like PyTorch. Lace is poised to make a mark in the revenue generation software space, potentially disrupting traditional methods with its AI-powered approach.