Engram banks $98M to slash AI costs with memory-first models
Engram, a memory-focused AI startup, raised $98M from major investors including General Catalyst, Kleiner Perkins, Sequoia and OpenAI cofounder Karpathy, claiming its 'learned memory' tech can recall company-specific context to deliver cheaper, smarter outputs—reportedly matching or beating frontier labs with up to 100x fewer tokens—and plans to deploy the funds to grow compute and talent for enterprise clients like Microsoft, Notion and Harvey.