Ora Computing raises €3.5M to shrink AI models

Ora Computing, founded by quantum computing researchers Stefan Sack and Raimel Medina, raised €3.5M in seed funding from Constructor Capital and Greencode Ventures. The Vienna-based startup compresses large AI models, cutting memory use by up to 80% and making them four times faster with minimal accuracy loss. The company compressed a 70-billion-parameter model for under $1,000, challenging the assumption that massive scale is necessary for useful intelligence.