In the current era of rapid advancement in artificial intelligence (AI), major corporations are dedicating their efforts to integrating AI technologies into production environments to achieve higher investment returns. Despite the availability of various advanced AI models in the market, teams still encounter numerous challenges during deployment.
According to estimates by Peter Bendor-Samuel, CEO of Everest Group, 90% of generative AI pilot projects will struggle to transition into production phases. Additionally, Gartner predicts that by the end of 2025, many generative AI projects may be abandoned after proof of concept.
Among these challenges, the most significant hurdle is coordination. Teams often lack sufficient resources to complete all tasks, forcing them to rely on rigid and expensive third-party APIs. To fill this gap, Simplismart AI recently secured $7 million in funding to launch an end-to-end machine learning operations platform designed to accelerate the entire coordination process, from model fine-tuning to deployment and monitoring.
Compared to other machine learning operations solutions in the market, Simplismart's standout feature is its personalized software optimization inference engine. This engine can deploy models at an exceptionally fast speed, significantly enhancing performance and reducing associated costs. Amitransh Jain, co-founder of Simplismart, stated that without any hardware optimization, the Llama3.18B model achieved a throughput of 501 tokens per second, far surpassing other inference engines.
When deploying AI internally, teams face multiple bottlenecks, including acquiring computational power, optimizing model performance, scaling infrastructure, and cost efficiency. Simplismart's platform standardizes the entire workflow, allowing users to fine-tune, deploy, and observe highly optimized open-source models as needed.
Users can choose to use Simplismart's shared infrastructure or bring their own computational resources, conveniently configuring their own infrastructure and deployment. Additionally, the platform's intuitive dashboard enables users to set parameters such as GPUs, machine types, and scaling ranges. The platform also offers monitoring capabilities, allowing users to track service level agreements (SLAs) and monitor the actual performance of models.
Currently, Simplismart has established partnerships with 30 enterprise customers and plans to further enhance the performance of its machine learning operations platform. The company aims to leverage the new round of funding to drive research and development, improve AI inference speed, and strive to increase annualized revenue from approximately $1 million to $10 million within the next 15 months.
Key Points:
💡 90% of generative AI pilot projects will struggle to transition into production phases, with coordination being the biggest obstacle.
🚀 Simplismart's personalized inference engine achieves a throughput of 501 tokens per second without hardware optimization.
📈 The company has established partnerships with 30 enterprise customers, aiming to increase annualized revenue to $10 million within 15 months.