Fawad Butt is the co-founder and CEO of Penguin AI, a Palo Alto-based healthcare AI platform company that raised $29.7M in Series A funding in September 2025. A former Chief Data Officer at Kaiser Permanente, UnitedHealthcare, and Optum, Butt spent years on the buyer side spending hundreds of millions on generic tech before deciding to build the solution healthcare actually needed. Penguin AI targets the $1 trillion annual administrative burden in US healthcare with purpose-built agentic AI, small language models, and digital workers that compress prior authorization reviews from 30 minutes to under two, positioning itself as 'the Epic of the healthcare back office.'
Predibase was a San Francisco-based AI infrastructure company (founded 2020, acquired by Rubrik in June 2025) that pioneered efficient LLM fine-tuning and serving at scale. Built by the creators of Uber AI's Ludwig and Horovod frameworks, Predibase made it easy for enterprises to fine-tune and deploy open-source LLMs using LoRA adapters — often outperforming GPT-4 on domain-specific tasks for under $8 of compute. Its open-source LoRAX inference server enabled serving thousands of fine-tuned models from a single GPU, dramatically cutting costs. After raising $28M from Greylock and Felicis, Predibase was acquired by cybersecurity firm Rubrik for over $100M to accelerate agentic AI adoption.