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    3. Element Labs Inc

    Element Labs Inc

    To make AI technologies accessible and useful by providing a simple, private way to run LLMs on personal computers.

    Visit Website

    At a Glance

    1Tool Listed
    1Product
    54Tool Views
    5Capabilities
    Discussions
    Brooklyn, New YorkHeadquarters
    2023Est.
    15Employees
    $19.32MRaised
    Focus Areas
    AI Development Libraries
    Local Inference
    Connect
    Latest News
    LM Studio Acquires Locally AIApr 8, 2026
    LM Studio is now free for use at workApr 1, 2026
    Markets
    • AI Developers
    • Data Scientists
    • Privacy-conscious Enterprise
    • Open-source Enthusiasts

    AI Tools by Element Labs Inc

    (1)
    View LM Studio
    LM Studio tool icon

    LM Studio

    Local LLM Desktop Runtime

    AI Dev LibrariesLocal Inference

    Discussions

    No discussions yet

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    Latest News

    04/08/2026

    LM Studio Acquires Locally AI

    lmstudio.ai
    04/01/2026

    LM Studio is now free for use at work

    lmstudio.ai
    10/14/2025

    LM Studio for Linux ARM and NVIDIA DGX Spark support

    lmstudio.ai
    05/30/2025

    Element Labs Inc. files for $19.3M in new funding

    SEC Form D

    Products & Services

    1
    LM Studio
    2023

    A desktop application for discovering, downloading, and running large language models (LLMs) locally and privately on Mac, Windows, and Linux.

    Market Position

    Leading user-friendly alternative to command-line tools like llama.cpp and Ollama, focused on a polished GUI experience and cross-platform compatibility.

    Leadership

    Founders

    YB

    Yagil Burowski

    Former Senior Software Engineer at Apple (2018-2023). Previously a teaching assistant and instructor at the University of Pennsylvania. Holds a BS in Computer Science from UPenn.

    Executive Team

    YB

    Yagil Burowski

    Founder and CEO

    Senior Software Engineer at Apple (5 years). Computer Science graduate from the University of Pennsylvania.

    AG

    Adrien Grondin

    Key Team Member / Lead Developer

    Creator of Locally AI (acquired by Element Labs Inc.).

    Board of Directors

    YB
    Yagil Burowski
    Director
    MT
    Matt Turck
    Managing Director at FirstMark Capital / Board Member/Officer

    Founding Story

    Founded in early 2023 by former Apple engineer Yagil Burowski, LM Studio was created to address the complexity of running large language models locally, focusing on privacy and ease of use.

    Business Model

    Revenue
    Venture-backed with over $19 million in total funding; annual recurring revenue (ARR) not publicly disclosed.

    Revenue Model

    Free-to-use software with monetization through Enterprise solutions, support, and custom contracts.

    Pricing Tiers

    Personal/Individual
    Free

    Run LLMs locally and privately for personal use.

    Work/Commercial
    Free

    Recently made free for use at work/commercial purposes.

    Enterprise
    Contact for Pricing

    Custom solutions for large organizations, including support and management tools.

    Private

    Target Markets

    Industries & Segments
    • AI Developers
    • Data Scientists
    • Privacy-conscious Enterprise
    • Open-source Enthusiasts
    Use Cases
    • Private LLM experimentation
    • Local AI application development
    • Offline research and productivity
    • Enterprise data privacy compliance
    Notable Customers
    • Individual developers worldwide
    • Educational institutions
    • Fortune 500 companies

    Quick Facts

    Headquarters
    Brooklyn, New York, USA
    Founded
    2023
    Entity Type
    Inc.
    Employees
    15
    Total Funding
    $19.32 million
    Investors
    FirstMark Capital, Fidelity (Series A)
    Office Locations
    Brooklyn

    Funding History

    Series A$19,324,955
    May 2025
    FirstMark Capital

    History & Milestones

    April 8, 2026

    Acquired Locally AI, with its creator Adrien Grondin joining the LM Studio team.

    April 2026

    Announced that LM Studio is now free for use at work, transitioning to a model focused on Enterprise solutions for revenue.

    May 2025

    Raised $19.32 million in a Series A funding round, led by investors including FirstMark Capital.

    October 2025

    Launched LM Studio 0.3 with support for Linux on ARM and integration with NVIDIA DGX Spark.

    March 2023

    Element Labs Inc. founded by Yagil Burowski.

    Key Capabilities

    5
    Cross-platform GUI (Mac, Windows, Linux)
    Model discovery via Hugging Face
    Local OpenAI-compatible API server
    Hardware-accelerated inference (Metal, CUDA, ROCm)
    Private and offline operation

    Integrations & Partnerships

    Platform Integrations

    • Hugging Face Hub
    • NVIDIA DGX Spark

    Key Partnerships

    NVIDIA
    Hugging Face

    Connect

    Website
    elementlabs.ai/
    GitHub
    lmstudio-ai
    X / Twitter
    lmstudio
    LinkedIn
    lmstudio-ai
    Discord
    lmstudio

    AI Topics

    2

    Element Labs Inc focuses on these topics:

    AI Development Libraries(1)
    Local Inference(1)
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