On November 12, 2024, Fastino, a new foundation AI model provider, has emerged from stealth to announce its launch and pre-seed funding round.  

Fastino will provide a family of task-optimized language models and tools designed for enterprise flexibility and control that are more accurate, faster, and safer than traditional LLMs. It has raised $7 million in a pre-seed funding round led by global software investor Insight Partners and M12, Microsoft’s Venture Fund, with participation from NEA, CRV, Valor, and notable angels including Github CEO Thomas Dohmke and others. Wilson Sonsini Goodrich & Rosati represented Fastino in the financing.

The Wilson Sonsini team that advised Fastino on the transaction includes Bradley Doline, Daniel Glazer, Abbie Currie, Rodrigo Valle, Martin Luff, Colleen Angus-Yamada, and Matthew Norgard.

For more information, please see Fastino’s press releases here and here.