By Maria Deutscher
Publication Date: 2026-10-19 22:49:00
Artificial intelligence developer doubleAI today announced that it has raised $200 million in funding.
Lightspeed and Bessemer co-led the Series A round. They were joined by Nvidia Corp., Dell Technologies Inc. and several others. CTech reported that the investment values doubleAI at more than $1 billion.
Tel Aviv-based doubleAI, officially AA-I Technologies Ltd., has created an AI model called Maxwell that can automatically make software code more efficient. It also lends itself to a variety of other tasks. Maxwell broke a long-standing chess challenge earlier this month, while a doubleAI-developed agent made a new mathematical discovery around the same time.
Nvidia offers an open-source library called cuGraph that enables customers to harness its graphics cards for graph analytics. That’s a data science approach used in fields such as supply chain management. In March, doubleAI revealed that Maxwell had rewritten cuGraph to lower its hardware usage. The company says that the model sped up 55% of the algorithms in the library by a factor of two or more.
Maxwell went on to create an optimized version of pandas, a popular open-source data science toolkit. The AI improved the library’s performance on PDS-H, a query speed benchmark, by a factor of 38. A more recent project saw doubleAI use Maxwell to double the video generation speed of a world model called LTX-2.5.
The company plans to sell the model to enterprises interested in lowering their AI workloads’ hardware…
