The round was led by Menlo Ventures, with participation from Mayfield, Innovation Endeavors, NVentures (NVIDIA's venture capital arm), M12 (Microsoft's venture capital fund), Snowflake Ventures, and Databricks Investment.

Inception creates the world's fastest, most efficient AI models. Today's autoregression LLMs generate tokens sequentially, which makes them painfully slow and expensive. Inception's diffusion-based LLMs (dLLMs) generate answers in parallel. They are 10X faster and more efficient, making it possible for any business to create instant, in-the-flow AI solutions. Inception's founders helped invent diffusion technology, which is the industry standard for image and video AI, and the company is the first to apply it to language.