AI
Pathway Raises $10M as It Enters the 'Live AI' Space Amid Cohere and Writer<answer>
2024-11-29
As large enterprises strive to integrate AI into their platforms and processes, a significant challenge emerges. Generative AI requires memory and continuous training data updates to be practically useful. This has led to the emergence of 'Live AI', with several startups like Cohere, Writer, and Pathway actively working in this space. Pathway, in particular, has just raised a $10 million Seed round, aiming to build live AI systems that think and learn in real-time like humans.
Investors and Their Impact
The Seed round was led by TQ Ventures, with participation from Kadmos, Innovo, Market One Capital, Id4, and angel investors. An interesting investor in Pathway is Lukasz Kaiser, the co-author of Transformers and a key researcher behind GPT o1 from OpenAI. These investors believe in Pathway's potential and are supporting its growth.Pathway's Offering
Pathway's offering includes 'infrastructure components' that power live AI systems. By feeding on structured and unstructured data, enterprise AI platforms can make decisions based on up-to-date knowledge. Customers such as NATO and La Poste, the French post office, have already recognized the value of Pathway's solutions.Zuzanna Stamirowska, Co-Founder and CEO of Pathway, emphasizes the importance of dealing with knowledge and memory in deep learning and LLM assistants. Currently, an LLM acts like a smart intern on the first day, unable to truly memorize information. Pathway enables developers to build a pipeline for feeding live data into AI systems during the prompting stage of building LLM or Gen AI applications.The Team Behind Pathway
Stamirowska has assembled an impressive, highly technical team to achieve the startup's goals. Her co-founders are CSO Adrian Kosowski and CTO Jan Chorowski, who previously worked with the "Godfather of AI", Geoff Hinton. Stamirowska herself is the author of a state-of-the-art forecasting model for a complex network in the maritime trade, published by the Academy of Sciences of the US."The company started with an idea that came to my mind on a sunny morning in Chicago," she said. "Accompanying a friend to a scientific conference in theoretical computer science led to a small disagreement, which inspired me to start my own thing. I took out my laptop and began reaching out to people in my network to move forward. I still remember the taste of that coffee."Pathway's Competitive Position
When asked about Pathway's position against other startups in the space, Zuzanna Stamirowska pointed out that in GenAI engineering and knowledge management, Cohere and Writer are beside them in the latest Gartner Quadrants. In enterprise deals, they often encounter Palantir for AI transformation tenders, although Palantir is less product-oriented than Pathway.Commenting in a statement, Schuster Tanger, Co-Managing Partner and Co-founder at TQ Ventures, praised Pathway. He said, "Zuzanna and the team at Pathway possess bleeding-edge insights and expertise in one of the most exciting fields in modern business. The response from the developer community has been powerful."