companies

LM Studio Inc.

Makes LM Studio, a free desktop application for discovering, downloading, and running open-source large language models locally on a user's own computer.

LM Studio is developed by Element Labs, Inc., a software company based in Brooklyn, New York, founded by Yagil Burowski, a former Apple software engineer. The application first launched publicly in May 2023. LM Studio is a desktop application that lets users discover, download, and run open-source large language models such as Llama, Mistral, and Phi locally on their own machines, with support for chatting with documents and running fully offline without sending data to external servers. In 2025 the company disclosed roughly $19.3 million in funding from investors including FirstMark Capital, Matrix Partners, Torch Capital, Preston-Werner Ventures, Conviction, and Figma CEO Dylan Field. Public reporting is inconsistent on the exact round designation, so it is omitted here.

Founded

2023

Headquarters

New York, United States

Sector

applications