Patronus AI, a New York-based automated evaluation and security platform, raised $17 million in Series A, bringing their total funding raised to $20 million.
Investors
The round was led by Glenn Solomon at Notable Capital, with participation from Lightspeed Venture Partners, Datadog, Gokul Rajaram, Factorial Capital, and several leading software and AI executives.
Glenn Solomon is a managing partner at Notable Capital, a U.S.-based venture capital firm focused on early-to-growth-stage companies in cloud infrastructure and business and consumer applications across the U.S., Israel, Europe, Latin America, and select go-global opportunities.
Patronus AI Use of Funds
The company will use the funds to scale its AI research, engineering, and sales teams, train evaluation models, and develop new industry standard benchmarks.
About Patronus AI
Founded by Anand Kannappan and Rebecca Qian, Patronus AI provides an automated evaluation and security platform that helps companies detect large language model (LLM) mistakes at scale. Leveraging proprietary AI, Patronus AI empowers enterprise development teams to assess model performance, generate adversarial test cases, benchmark models, and more. Patronus AI automates and scales the manual and costly model evaluation methods prevalent in the enterprise today, enabling organizations to confidently deploy LLMs while minimizing the risk of model failures and misaligned outputs.
Funding Details
Company: Patronus AI, Inc.
Raised: $17.0M
Round: Series A
Funding Month: May 2024
Lead Investors: Glenn Solomon
Other Investors: Lightspeed Venture Partners, Datadog, Gokul Rajaram, Factorial Capital
Company Website: https://www.patronus.ai/
Software Category: Automated Evaluation and Security
Source: https://www.prnewswire.com/news-releases/patronus-ai-raises-17-million-to-detect-llm-mistakes-at-scale-302152825.html