You Can Deploy AI Apps In Minutes Now!??

What if you can build applications in no time?

Yes, we all know building apps can take weeks.

But NVIDIA has come up with NIM- Nvidia inference microservices! Yup, that sounds exciting, right??

Who would have thought of the Monolithic going so ancient, man??

This edition will first discuss the amazing features of NIM from NVIDIA and how it will power AI apps. Plus we will discuss sharp decline in SaaS startup funding and a $10 million funding for SiFi a spend management startup.?

NVIDIA NIM Powers New Age AI App Development ??

Jensen Huang, CEO of Nvidia, delivered a keynote at the Computex trade show in Taiwan, discussing the transformation of AI models with Nvidia NIM. This enables AI applications to be deployed within minutes, as opposed to weeks.?

Generative AI apps are becoming more complex and use multiple models. These models offer capabilities to generate text, images, videos and more. Customizing these models, and deploying them in the form of apps can take weeks.

NVIDIA is trying to reduce this development time for more than 28 million developers worldwide.

The inference microservices provide AI models as optimized containers. Developers can deploy these constainers on cloud, data centers or workstations.?

Further NIM also enables better developer productivity improving returns on infrastructure investment for enterprises. For example, if you are running Meta Llama 3-8B model in NIM, it creates 3X more generative AI tokens on an accelerated infrastructure.

In other words, enterprises can generate more responses using minimal resources.?

Why Does It Matter?

Considering average development time for an application with latest tech stack can take weeks, NIM is a game changer. Plus the microservices-based inference offer dual advantage for businesses. First is benefits of microservices and second is faster AI development.?

How Will It Impact the Startup Ecosystem?

Startups with shorter time to market needs can quickly get their ideas transformed to apps leveraging NIM. This wil also allow many startups to get their prototypes up and running in no time. Plus optimized infrastructure and cloud deployments mean better budget management for startups.?

Take an example of developing an app for AI in agriculture. You need real-time data processing from the farming site. But with NIM you can simply deploy apps customized on different conditions.?

News Source: VentureBeat

Crunchbase Reports SaaS Startup Funding Decline??

According to Crunchbase, startup funding in the SaaS industry declined in 2024. This news is significant as it sheds light on the challenges startups face in securing financial support for their growth and development.

Startups heavily rely on funding to fuel their research and development efforts, and a decline in funding can hinder their ability to bring new and innovative solutions to the market. According to the report, software and SaaS compaies have raised $4.7 which is lower than $17.4 billions.?

Decrease in funding can also affect startups' overall competitiveness. With limited financial resources, startups may struggle to compete with larger, more established companies that have access to greater funding.?

Why does this matter?

The decrease in startup funding can significantly impact the SaaS industry. It may lead to a slowdown in innovation and the introduction of new products.?

How will it impact the startup world?

This can create an uneven playing field and make it more challenging for startups to gain market share and establish themselves in the industry.

News Source: Crunchbase

SiFi Raises $10M in Seed Funding to Expand in Saudi Arabia??

Simplified Financial Solutions Company (SiFi), a spend management platform based in Saudi Arabia, has raised $10 million in a seed funding round. The funding will be used to support SiFi's growth plans in its home market and expand its operations.?

SiFi aims to provide organizations with comprehensive spend management solutions, including vendor and bill payments, through its platform.

Why does this matter?

The global spend management sector is growing, driven by increasing internet penetration, technological advancements, and businesses' focus on optimizing spending.

SiFi's funding round highlights the demand for spend management tools in the Middle East and North Africa region. SiFi aims to provide comprehensive services to help organizations gain better control over their spending.?

The platform addresses the fragmented nature of expense management and offers features such as controlling corporate cards' usage, limiting expenditures, and facilitating reimbursement requests to help companies overcome challenges such as human error, fraud, approval delays, and lack of spend visibility.

How will it impact the startup world?

With the $10 million seed funding, SiFi plans to double down on its growth plans in Saudi Arabia and expand its operations . SiFi's focus on providing spend management solutions aligns with the increasing demand for such tools in the MENA region.

Leveraging its Electronic Money Institution (EMI) license, SiFi aims to offer a broader range of services, including e-wallets and smart corporate cards. This expansion presents an opportunity for SiFi to establish itself as a leading spend management platform in the region.

News Source: TechCrunch

Founder’s Food For Thought!

In this edition we are discussing a Bridge loan!

A bridge loan is a short-term financing option!

If you are an entrepreneur it can be useful. It's essentially a temporary loan that "bridges the gap" until more permanent financing is secured.

Bridge loans provide quick access to capital, allowing startups to cover immediate expenses. It has? short-term, ranging from a few weeks to a year, until the startup can obtain more stable financing.

Startup's assets, such as accounts receivable, inventory, or real estate are the collaterals in this loan.

The key benefit of a bridge loan for a startup is the ability to access capital quickly and continue operations. With that thought ending the first edition of Founder’s Herd. As a member of this herd, all of you great founders can contribute to this discussion in the comment section. Let’s connect, discuss, and build a startup universe!

For founders looking to make their startups, here is an on-demand app development service they can count on!