Fundraising Fox

EdgeRunner AI

Bellevue, US · Founded 2024 · 5 known investors

edgerunnerai.com ↗

EdgeRunner develops domain-specific Small Language Models (SLMs) that run locally on-device, isolated from external networks, to address data privacy, latency, and cost concerns. Its generative AI is aimed at military and enterprise users seeking to turn unstructured data into intelligence accessed through natural-language conversation.

AI & Machine LearningCybersecurityDefense TechEnterprise Software

Founders & leadership

EdgeRunner AI was founded in 2024 by Colton Malkerson and Tyler Xuan Saltsman.

CMColton Malkerson
Colton MalkersoninCo-Founder & COO
TXTyler Xuan Saltsman
Tyler Xuan SaltsmaninFounder & CEO
TS
Tyler SaltsmanCo-founder
MM
Matt McIlwainNamed on SEC filing
DS
Dan ScholnickNamed on SEC filing

Investors · 5

Alumni Ventures✓ verifiedManchester · $100K – $10M
Four Rivers Ventures✓ verifiedSan Francisco
Madrona Venture GroupSeattle · $2M – $10M

Also in the syndicate · 2

HPMadrona

Funding

SEC filings, press & company announcements

$12M disclosed across 1 of 2 rounds · 2025

▶$12MraisedMay 2025 · 9 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tyler SaltsmanExecutive Officer, Director
  • Colton MalkersonExecutive Officer, Director
  • Matt McIlwainDirector
  • Dan ScholnickDirector
Offering amount
$12M
Amount sold
$12M
First sale
Apr 2025
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$5.5MraisedJun 2024 · 7 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Tyler SaltsmanExecutive Officer, Director
  • Dan ScholnickDirector
  • Colton MalkersonExecutive Officer, Director
Offering amount
$5.5M
Amount sold
$5.5M
First sale
Jun 2024
Incorporated
Corporation, Delaware, 2024
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

In the news

Sell or Invest in EdgeRunner AI Stock Pre-IPOnasdaqprivatemarket.com · Jun 2025EdgeRunner: $12 Million Series A Funding Raised For On-Device AI Agents For Military And Enterprisepulse2.com · May 2025EdgeRunner AI Raises $12M Series A With Support From HP, Madrona, And Alumni Ventures To Advance Air-Gapped AI For Defensefinance.yahoo.com · May 2025Living in the Edge — Our Investment in EdgeRunner AImadrona.com · May 2025EdgeRunner Raises $12M in Series A Fundingfinsmes.com · May 2025EdgeRunner Raises $17.5M to Develop Air-Gapped, On-Device AI for the Warfighterbusinesswire.com · May 2025

Frequently asked questions

What does EdgeRunner AI do?
EdgeRunner develops domain-specific Small Language Models (SLMs) that run locally on-device, isolated from external networks, to address data privacy, latency, and cost concerns. Its generative AI is aimed at military and enterprise users seeking to turn unstructured data into intelligence accessed through natural-language conversation.
Who founded EdgeRunner AI?
EdgeRunner AI was founded by Colton Malkerson, Tyler Xuan Saltsman in 2024.
Who are EdgeRunner AI's investors?
EdgeRunner AI's investors include Alumni Ventures, Four Rivers Ventures, Madrona Venture Group.
How much funding has EdgeRunner AI raised?
EdgeRunner AI has disclosed $12M raised across 1 of its 2 known rounds.
Where is EdgeRunner AI headquartered?
EdgeRunner AI is headquartered in Bellevue, US.