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LM Studio, built by Element Labs, Inc., is a desktop application for Windows, Mac and Linux. It lets users discover, download and run open-weight LLMs such as Llama, DeepSeek, Qwen and Gemma offline. It also offers Python and TypeScript SDKs and a local server for building local AI apps. The app is free for personal and commercial use. The company is venture-backed by Torch Capital, Matrix and Preston-Werner Ventures, and raised about $19M in 2025. Estimates of its headcount in 2026 run from about 44 to 49.