LocalAI
How LocalAI stacks up in AI Dev Tools — funding data, key investors, and more.
Awaira Score
Out of 100
HQ
United States
Founded
2023
Stage
Bootstrapped
Team
1-50
About LocalAI
LocalAI is an open-source project providing a free, locally running REST API compatible with the OpenAI API specification, enabling developers to run language models, image generation models, speech recognition, and text-to-speech systems entirely on their own hardware without cloud dependency. The project supports a wide range of model architectures including GPT-based language models, Stable…
Key Facts
- LocalAI was founded in 2023 by Ettore Di Sciascio and is headquartered in United States.
- LocalAI employs approximately 1-50 people.
- LocalAI operates in the AI Dev Tools category and is currently at the Bootstrapped stage.
- LocalAI has an Awaira Score of 40/100, ranking it among the tracked AI companies on Awaira.
- LocalAI's most recent funding round was a Seed of $801.34K closed in January 2023.
Source: Awaira · Updated Mar 24, 2026
Valuation
N/A
Post-money
Total Raised
N/A
All rounds
Awaira Score
40/100
Founded
2023
1-50 employees
Strengths & Risks
Strengths
Growing team of 1-50 employees
Based in the US, the world's largest AI market
Considerations
Valuation not publicly disclosed
Limited disclosed funding
Analysis based on publicly available data. Not investment advice.
Awaira estimate based on public data. Not financial advice.
How does LocalAI stack up against competitors?
Competitor Comparison
| Metric | ★LocalAI | Vercel | Postman AI | Cursor |
|---|---|---|---|---|
| Awaira Score | 40/100 | 91/100 | 90/100 | 87/100 |
| Total Raised | N/A | $863M | $433M | $3.4B |
| Valuation | N/A | $9.3B | $5.6B | $29.3B |
| Stage | Bootstrapped | Series F | Series D | Series D |
| Founded | 2023 | 2015 | 2014 | 2022 |
| Employees | 1-50 | 750 | 1000+ | 50 |
| Country | 🇺🇸 | 🇺🇸 | 🇺🇸 | 🇺🇸 |
Funding Rounds
Inactive$801.34K
Jan 2023
LocalAI Latest News
LocalAI Reports 300% Revenue Growth as AI Dev Tools Market Explodes
LocalAI Launches AI-Powered IDE Features That Boost Developer Productivity
LocalAI Announces Strategic Partnerships to Scale AI Operations
LocalAI Reports Strong Growth as AI Industry Accelerates
LocalAI Partners with GitHub and VS Code for Deeper AI Integration
Founded Same Year (2023)
Similar by Funding Stage (Bootstrapped)
More from United States
🇺🇸 View all AI companies in United States →Alternatives
View all alternatives to LocalAI →If you're looking at LocalAI, also check out
View all AI Dev Tools →People Also Viewed
Frequently Asked Questions
What is LocalAI's valuation?▾
Who invested in LocalAI?▾
When did LocalAI last raise funding?▾
How many employees does LocalAI have?▾
What does LocalAI do?▾
Who founded LocalAI?▾
Is LocalAI profitable?▾
Where is LocalAI headquartered?▾
Compare LocalAI
See how LocalAI stacks up against competitors in valuation, funding, team size, and Awaira Score.