Nvidia and Dell Back $200M Series A for AI Developer doubleAI at Over $1B Valuation

Artificial intelligence developer doubleAI, officially AA-I Technologies Ltd., announced it raised $200M in a Series A funding round co-led by Lightspeed and Bessemer, with participation from Nvidia Corp. and Dell Technologies Inc. CTech reported the investment values the Tel Aviv-based company at more than $1B. The Wall Street Journal reported that doubleAI will use half of its $200M funding round to purchase 1,000 of Nvidia's B300 Blackwell graphics cards as it competes with OpenAI Group PBC and Anthropic PBC in automated research tasks. The company's Maxwell AI model optimizes compiled program binaries directly across GPUs and CPUs while applications run in production, removing the need for developers to manually modify source code to reduce hardware usage. In March, doubleAI revealed that Maxwell rewrote Nvidia's open-source cuGraph library to speed up 55% of its algorithms by a factor of two or more, and the model also improved the pandas data science toolkit's performance on the PDS-H query speed benchmark by 38x while doubling the video generation speed of the LTX-2.5 world model. Earlier this month, doubleAI used an internal AI agent to discover a new graph theory result paired with a Lean verification file, while Maxwell broke a nearly 50-year chess record by finding a board position with 63 moves that give check, surpassing the previous record of 60 moves.