Portkey.ai raises $3M in funding round, helps engineering teams build and launch generative AI apps faster

Portkey.ai announced it has secured $3M in a recent seed funding round, with the aim of empowering engineering teams to build and launch generative AI apps faster.

Portkey.ai will use the fresh funding to scale the business (tech and people) while building new product capabilities.

The funding round was led by Lightspeed with participation from angel investors, including prominent figures from AWS, OpenAI, Cloudflare, Postman, and Asana. Portkey.ai was founded in January 2023 by Rohit Agarwal and Ayush Garg. Both founders had worked closely together on product development and go-to-market for the AI products built on top of LLMs, according to the company.

Portkey.ai has built tools that allow businesses to monitor their language model operations (LLMOps), connect to multiple large language models (LLMs) efficiently, experiment, improve, and manage prompts effectively.

It also offers deep integrations with players like OpenAI, Anthropic, Langchain, LlamaIndex, and more. According to the company, it already serves millions of requests a day for innovative Gen AI companies like Postman, Jio Haptik, Springworks and more through their full stack LLMOps solution.

"Tech chiefs are facing a rush of demand from teams for AI apps that will save money without too much delay. But they cannot say yes to all their requests,” said Agarwal. “There’s so much work to be done that there are often competing priorities and Portkey wants to help solve these dilemmas for tech teams. Our vision for Portkey has been to enable teams and companies to deploy Gen AI apps and features with confidence.”

Portkey.ai has already established a global footprint, with a significant user base in the U.S. In the long run, the company aims to enhance AI application development for its fast-growing customer base.

For more information about this news, visit https://portkey.ai.