Coatue led a $40m Series B round in Lightning AI.

Coatue, an investment manager, led a $40m Series B round in Lightning AI, a provider of a an AI platform, with participation from Index Ventures, Bain, Mantis VC and First Minute Capital. “We realized that the biggest challenge holding back AI adoption at scale was fragmentation of the AI ecosystem. I first noticed the impact of the fragmented AI ecosystem back in 2019. Because AI adoption at scale was and still is so nascent, every few months we would discover a ‘missing’ part of the machine learning stack. Why this matters is that every missing piece of the puzzle slows down the overall pace of AI innovation," William Falcon, Lightning AI CEO.