Distyl AI, a startup focused on developing artificial intelligence (AI) models for various applications, has secured a new funding round as it prepares for growth in 2024. The company, which has received backing from the prominent investment firm Coatue, aims to leverage its AI capabilities to address challenges across multiple industries. Distyl AI’s approach involves training large language models on domain-specific data, enabling them to generate human-like text tailored to specific domains. This technology has potential applications in areas such as customer service, content creation, and data analysis. The new funding round will support Distyl AI’s efforts to expand its team, enhance its AI models, and explore new use cases for its technology. With the growing interest in AI and its potential to transform various sectors, Distyl AI is well-positioned to capitalize on this trend and deliver innovative solutions to its clients.
Source: https://www.businessinsider.com/coatue-backed-distyl-ai-raises-new-funding-round-2024-9