Phospho, a Paris, France-based developer of product analytics and monitoring platforms for generative AI applications, has raised €1.7 million in pre-seed funding.
SaaS Investors
The round was led by Elaia and Y Combinator.
Founded in 2002, Elaia Partners is a venture capital firm based in Paris, France. The firm seeks to invest in early-stage companies operating in tech-intensive B2B, digital, deep technology, and biotech sectors.
Y Combinator is an accelerator/incubator firm based in Mountain View, California. Founded in 2005, the firm prefers to provide resources and investments to startups operating in the b2b software and services, education, consumer, healthcare, real estate and construction, financial technology, industrials, and government sectors.
Phospho Use of Funds
The company will use the funding to build a dedicated team and support its mission to provide tools for the growing generative AI industry.
About Phospho
Phospho is developing a monitoring platform for LLM apps in production that can be leveraged by both tech and product teams. The platform allows tech and product teams to monitor user interactions, detect issues, and gain insights to improve conversational experiences. Phospho employs AI algorithms to automatically pinpoint anomalies, and scores and classify sessions in large language model (LLM) apps. The startup was part of Y Combinator's January 2024 batch.
Funding Details
Company: Phospho SAS
Raised: €1.7M
Round: Pre-Seed Round
Funding Month: January 2024
Lead Investors: Elaia and Y Combinator
Additional Investors:
Company Website: https://phospho.app/
Software Category: Product Analytics and Monitoring Platform
Source: https://tech.eu/2024/01/17/elaia-and-ycombinator-back-phospho-with-1-7m-for-genai-application-monitoring/