Portkey.ai makes it easier to build generative AI apps. Check out the 14-slide deck it used to raise $3 million from Lightspeed.
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- Portkey.ai has secured $3 million in a round led by US fund Lightspeed.
- The San Francisco-based startup allows businesses to create generative AI apps quickly.
- Check out the 14-slide pitch deck used to secure the fresh funding.
A startup that enables businesses to build their own generative AI apps has just raised $3 million from Lightspeed.
San Francisco-based Portkey.ai — launched in January this year — aims to help companies deploy “very complex applications” on top of generative AI infrastructures, said cofounder and CEO Rohit Agarwal.
The startup targets engineering teams in midmarket and enterprise companies, that are adopting generative AI, as well as generative AI startups. Its tools enable its clients, which include the likes of HR company Springworks and API platform Postman, to integrate large language model (LLM) APIs with their apps, monitor their large language model operations (LLMOps), and also connect to LLMs more efficiently.
Currently, Portkey allows companies to integrate with AI juggernauts such as OpenAI and Anthropic, among others, and process millions of requests every day for its client base.
The startup has integrated a host of features to allow companies to track the performance of their AI apps, as well as the cost of each LLM request. Portkey also maintains a breadth of traffic across different LLMs, so apps are less likely to crash.
Currently, the startup is pre-revenue, Agarwal said. “We plan to monetize based on API requests that flow through Portkey and where we add value,” he told Insider.
Although investments into generative AI startups have ramped up amid a broader tech downturn, Agarwal believes that “LLMOps has a long way to go” — and that there will be an uptick in investments into the space.
The round was led by US venture capital firm Lightspeed, which counts Stability AI and Multiverse among its portfolio, along with participation from senior staffers at OpenAI, Amazon Web Services, and Asana, among others.
With the fresh funding, Portkey will work on making it easier to adopt LLMs when launching an app and taking it to the production stage.
Check out the 14-slide deck used to secure the capital.