Fastino, a Palo Alto-based AI startup, has announced $17.5 million in seed funding led by Khosla Ventures, bringing its total funding to nearly $25 million. The company, which previously raised $7 million from M12 and Insight Partners, is pioneering an alternative to trillion-parameter models by developing compact, task-specific AI architectures.
CEO and co-founder Ash Lewis said that Fastino’s models are faster, more accurate, and significantly cheaper to train, requiring GPU clusters worth less than $100,000. Focused on enterprise needs like data redaction and document summarization, Fastino’s small models deliver instant, token-efficient responses. Backed by Khosla’s early confidence, the startup is now building a team of researchers with a contrarian vision for AI development.
Featured image: Credit: Fastino
