DALLAS: Artificial intelligence startup MythWorx said Tuesday it has raised $5 million in seed funding at a $100 million valuation, a figure the company attributes to its AI model’s superior speed, efficiency and reasoning capabilities.
The funding round was led by Eagle Venture Fund along with its affiliated Eagle Freedom Funds. Other angel investors also participated.
MythWorx claims its model, Echo Ego v2, operates with about one-tenth the power consumption of traditional large language models and can answer questions up to eight times faster. The company says its technology uses a “brain-modeled approach” for true reasoning, unlike LLMs that often rely on pattern recognition from pre-training.
“This funding milestone validates the strength of our technology and the market’s understanding and support of our new brain-modeled approach to AI,” said Jason Williamson, CEO of MythWorx.
The company said its model has performed well on standardized benchmark tests like MMLU-Pro without prior fine-tuning, outperforming larger models. MythWorx said it plans to use the new capital to hire for key roles and accelerate its strategy to license the technology to large tech companies and government sectors.
“We’re thrilled to lead this seed round and partner with MythWorx,” said Wes Lyons, general partner at Eagle Venture Fund. “Their breakthrough technology has the potential to redefine AI.”
