Lightning AI, the developer of the popular PyTorch Lightning framework, has raised $50 million in funding from Cisco Investments, J.P. Morgan, K5 Global, and NVIDIA. This brings the company’s total funding to $103 million. The new funds will be used to expand operations and enhance artificial intelligence technologies.
Lightning AI provides a multi-cloud platform that integrates dozens of tools for AI model customization and deployment, agent creation, cloud GPU utilization, and more. Supporting both low-code and no-code approaches, the platform helps reduce product development time from months to weeks while lowering infrastructure costs. Its flagship product, Lightning AI Studios, makes AI development intuitive and efficient.
Within a year of its launch, Lightning AI has attracted 240,000 users across 2,000 organizations, with PyTorch Lightning being downloaded over 160 million times. This growth aligns with the rising demand for generative AI, which saw enterprise spending increase to $13.8 billion in 2024, compared to $2.3 billion in 2023. Lightning AI is actively supporting this transformation by offering enterprises powerful tools to adopt and implement cutting-edge AI solutions.
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