backed startup Paperspace reinvents dev tools for an AI, cloud era | AITopics
The world of integrated development environments, or "IDEs," rich programming tools that bring together many capabilities, hasn't seen much action in the years since artificial intelligence and cloud computing engulfed programming generally. One intriguing startup based in Brooklyn, New York, could change that. Paperspace, founded three years ago, Tuesday announced it has received $13 million in venture money from investors Battery Ventures, SineWave Ventures, Sorenson Ventures, as well as the investment arm of chip giant Intel, bringing its total haul to date to $19 million. Existing investor Initialized Capital also joined the round. The money will go to refining and extending Paperspace's main product, "Gradient," a kind of mash-up of tools designed especially for programming machine learning neural networks.