Patronus AI, a New York-based startup officially launched its automated evaluation and security platform for large language models (LLMs) and raised $3 million in seed funding.
SaaS Investors
The round was led by Lightspeed Venture Partners, with participation from Factorial Capital, the CEO of Replit Amjad Masad, Gokul Rajaram, and several other Fortune 500 executives and board members.
Lightspeed Venture Partners, founded in 2000, is a venture capital firm based in Menlo Park, California. The firm has regional offices in Israel, India, China, Southeast Asia, and Europe. The firm seeks to make investments in the enterprise, health, fintech, and consumer sectors.
About Patronus AI
Founded by Anand Kannappan and Rebecca Qian, Patronus AI is an automated evaluation and security platform that helps companies use large language models (LLMs) safely. Using proprietary AI, the new platform enables enterprise development teams to score model performance and 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: $3.0M
Round: Seed Round
Funding Month: September 2023
Lead Investors: Light Speed Venture Partners
Additional Investors: Factorial Capital, Amjad Masad, Gokul Rajaram, and several other Fortune 500 executives and board members
Company Website: https://www.patronus.ai/
Software Category: Automated Evaluation and Security Platform
Source: https://www.prnewswire.com/news-releases/patronus-ai-launches-out-of-stealth-to-help-enterprises-deploy-large-language-models-safely-301927641.html