Artificial intelligence (AI) infrastructure startup Future AGI has secured $1.6 million in a pre-seed funding round, co-led by Powerhouse Ventures and Snow Leopard Ventures, with participation from Angellist Quant Fund, Swadharma Source Ventures, and Saka Ventures, among others. The company intends to use the capital to enhance its product development, expand its engineering and growth teams, and strengthen its proprietary technology stack.

The raised funds will be crucial for advancing Future AGI’s technological capabilities and expanding its workforce. The company plans to develop new products, improve service offerings, and broaden its customer base, focusing on innovation and operational growth to increase its market presence.

Future AGI aims to address key industry challenges such as scalability and accuracy, which remain significant barriers to the widespread adoption of AI technologies. By fortifying its proprietary tech stack and scaling its operations, the company plans to deliver more reliable and scalable AI solutions for enterprise customers.

The pre-seed round also saw backing from venture capital firms with a strong track record in supporting early-stage tech companies. Powerhouse Ventures and Snow Leopard Ventures are known for their focus on emerging technology startups, while other investors brought industry expertise and confidence in Future AGI’s growth potential.

With this funding, Future AGI is well-positioned to accelerate its technology development, expand its engineering capabilities, and increase its customer base. The company’s next phase will centre on further enhancing its proprietary technology and bringing innovative AI infrastructure solutions to the market.

News source: n24