OSS Capital and PagsGroup led a $37.6m funding round in Liquid AI.

OSS Capital, an early-stage VC exclusively dedicated to backing leading commercial open source startup founders, and PagsGroup, an investment firm, led a $37.6m funding round in Liquid AI, a company developing a new generation of AI foundation models, with participation from Breyer Capital, Tom Preston Werner, Naval Ravikant, Safar Partners, ISAI Cap Venture, Tobias Lütke, Two Sigma, Chris Prucha, Samsung Next, Link Ventures, Bold Capital Partners, Marc Casper, Duke Capital Partners, Argean Capital Management, Latham & Watkins, Bob Young and Automattic. “We invested in Liquid AI, because we felt this was the Dream Team of artificial intelligence. Their technology will greatly reduce the cost of AI for companies versus the current Transformer-based models and remains adaptable beyond training. It also allows for explainability as opposed to the black box of existing models. It’s a triple threat technology that can be used as a foundational model for functional applications and vertical markets as well,” Stephen Pagliuca, PagsGroup Chairman and CEO.