Artificial intelligence startup Engram has raised $98 million in fresh funding as investors increasingly bet that the next frontier in AI is not simply building larger models, but making them more efficient.
The eight-month-old startup announced on Thursday that the funds come from a powerhouse group of investors that includes venture capital firms General Catalyst, Kleiner Perkins, and Sequoia, as well as AI researcher and OpenAI co-founder Andrej Karpathy, who recently joined Anthropic.
