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Mirai Innovates On-Device AI, Backed by $10 Million Seed Funding

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London-based startup Mirai is revolutionizing on-device AI applications, moving away from the predominant focus on cloud-based solutions. Founded by Dima Shvets and Alexey Moiseenkov, Mirai is supported by a $10 million seed round led by Uncork Capital.

  • Both founders have a rich history in AI-driven consumer apps, with Shvets notably involved in Reface and Moiseenkov in Prisma.
  • The team aims to enhance the efficiency of AI on consumer devices such as phones and laptops, focusing on cost optimization and better margin per token usage.
  • Mirai is developing a framework to improve the performance of AI models on these devices using an inference engine built specifically for Apple Silicon, which they claim increases generation speed by up to 37%.
  • An SDK will soon allow developers to integrate this technology into apps easily.
  • Although Mirai doesn't directly create apps, its technology can significantly benefit on-device assistants and various AI functionalities.
  • Investor Andy McLoughlin highlights the rising importance of edge-based processing for cost efficiency, indicating Mirai's strategic position in the market.
  • The seed round attracted an impressive roster of backers, including industry stalwarts such as David Singleton, Francois Chaubard, and Scooter Braun.