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NXAI
NXAI develops highly efficient AI architectures and foundation models that enable Industrial AI
About NXAI
NXAI is a European deep-tech company building the next generation of Foundation Models specifically designed for Industrial AI. Co-founded by Prof. Sepp Hochreiter, the original inventor of the LSTM architecture, NXAI is commercializing xLSTM (Extended Long Short-Term Memory), a proprietary neural architecture designed to overcome the scalability limits of current AI models.
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Unlike standard Large Language Models constrained by high computational demands, NXAI’s architecture is engineered for radical algorithmic efficiency. By drastically reducing memory usage and inference costs, the technology optimizes high-performance AI regardless of infrastructure, maximizing throughput in the cloud while simultaneously fitting within the strict limits of edge devices. This efficiency breakthrough removes the traditional computing barriers of generative AI, allowing for faster, more cost-effective processing of long data sequences.
By bringing high-performance reasoning to the edge, NXAI empowers enterprises to deploy secure, real-time AI across a wide range of complex industrial environments where traditional models previously failed.
At a glance
- Status
- Operational
- Founded
- 2023
- Headquarters
- Linz, Austria
- Employees
- 26
- Open positions
- 4
- Dealroom signal
- 86.4/100
- Industry
- Enterprise Software
- Sector
- AI, Core AI, Novel AI, slush24, DT and LS
- Technology
- Artificial Intelligence, Deep Tech, Machine Learning, Deep Learning, Natural Language Processing
- Business model
- SaaS
- Client focus
- b2b
Latest news
Press, funding announcements and product moves mentioning NXAI.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Dec 2023 | $23M | $92M | Undisclosed | — |
Growth signals
Latest recorded traffic for NXAI is 9.9K monthly website visits, up 16.5% over the last three months. NXAI's team grew 8.3% over the past year.
Open positions
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