Business News Report
April 13, 2023

Distyl AI Forms Services Alliance with OpenAI, Raises $7M in Seed Round Led by Coatue and Dell

In Brief

Founded by Palantir veterans, Distyl AI brings generative AI solutions to enterprises.

The company has partnered with OpenAI to bring AI research and infrastructure to enterprise customers.

Distyl AI has closed a $7 million seed round led by Coatue and Dell Technologies Capital.

Distyl AI Forms Services Alliance with OpenAI, Raises $7M in Seed Round Led by Coatue and Dell

Distyl AI, founded by Palantir veterans Arjun Prakash and Derek Ho, has announced a Services Alliance with OpenAI and has closed $7 million in a seed round led by Coatue and Dell Technologies Capital.

The round saw participation from industry leaders such as Nat Friedman (former GitHub CEO), Brad Gerstner (Altimeter Founder, CEO), and Dr. Jim Cash (HBS Professor).

Distyl AI brings generative AI solutions to enterprises by simplifying the process of customizing the AI to fit the unique data landscape, addressing technical expertise, and ensuring reliability and compliance with operational requirements, which can require substantial effort and resources.

“Organizations that embrace the immense potential of generative AI and large language models will gain a disruptive competitive edge. This realization is sweeping across C-suites and boardrooms across the globe – and for good reason,”  Arjun Prakash, Co-founder and CEO of Distyl AI, said in a statement. “While the hype around Generative AI has been about consumer and search applications, the game-changing value is in elevating core enterprise workflows. That will require seamless integration with an enterprise’s core data, technologies, and workflows.”

According to a press release, Distyl AI works closely with F1000 enterprises to create tangible business outcomes with generative AI technology. Besides offering its proprietary platform of in-house tools, the company’s alliance with OpenAI aims to bring enterprise customers the latest in cutting-edge AI research (e.g., GPT-4) and infrastructure (e.g., dedicated instances).

The Distyl AI team comprises an experienced group of technologists and operators from prominent organizations like Palantir, Apple, BlackRock, Citadel, and Snorkel AI, who has helped apply AI to business challenges.

“We are excited to collaborate with the exceptional team at Distyl AI,” said Brad Lightcap, COO of OpenAI. “Their vision and technical expertise will empower enterprises to integrate OpenAI technologies and unlock new potential for their customers.”

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About The Author

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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Cindy Tan
Cindy Tan

Cindy is a journalist at Metaverse Post, covering topics related to web3, NFT, metaverse and AI, with a focus on interviews with Web3 industry players. She has spoken to over 30 C-level execs and counting, bringing their valuable insights to readers. Originally from Singapore, Cindy is now based in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has a decade of experience in journalism and writing. Get in touch with her via [email protected] with press pitches, announcements and interview opportunities.

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