AI startup doubleAI raises 200 million dollars in Series A funding

Artificial intelligence developer doubleAI announced on October 19 that it has raised 200 million dollars in Series A funding, SiliconANGLE AI reported. Venture capital firms Lightspeed and Bessemer co-led the investment round. Technology companies Nvidia and Dell Technologies also participated in the funding round alongside several other investors, according to SiliconANGLE AI. [1][2]

The new funding round values doubleAI at more than 1 billion dollars, according to a report by CTech cited by SiliconANGLE AI. The Tel Aviv-based startup, which is officially registered as AA-I Technologies Ltd., develops an artificial intelligence model named Maxwell. The Maxwell model is designed to automatically make software code more efficient and can be adapted for various other tasks. [1]

Investor Nvidia supplies parallel processing graphics processing units that are widely used for training and running machine learning models. The hardware firm also maintains the CUDA software framework, which had over 7.5 million registered developers in fiscal 2026. Fellow investor Dell originally began as PC's Limited in 1984, selling custom computer systems directly to customers. [6][7]