Portkey, a San Francisco, CA–based unified control plane for production AI, has raised $15 million in Series A funding.
Investors
The round was led by Elevation Capital, with participation from Lightspeed.
Elevation Capital is an India-focused venture capital firm (formerly SAIF Partners) with over $2.6 billion in assets under management. The firm currently invests through its $670 million Fund VIII and a new $400 million late-stage vehicle targeting IPO-ready companies. Its 2026 strategy heavily prioritizes AI infrastructure and fintech.
Portkey Use of Funds
The company will use the funding to expand its AI control plane and scale go-to-market operations.
About Portkey
Led by CEO Rohit Agarwal, Portkey is a unified AI control plane designed to ensure reliability and financial accountability for enterprise AI. Its platform combines a high-performance AI gateway with governance, observability, reliability, and cost management. Headquartered in San Francisco, California, Portkey’s mission is to make operationally resilient AI achievable, even when models change behavior overnight. Trusted by Fortune 500 enterprises across finance, pharma, and technology, Portkey clients include Postman, Snorkel AI, and more.
Funding Details
Company: Portkey, Inc.
Raised: $15.0M
Round: Series A
Funding Date: February 2026
Lead Investor: Elevation Capital
Additional Investors: Lightspeed
Company Website: https://www.portkey.ai/
Software Category: AI Infrastructure / Enterprise AI Control Plane
Source: https://www.globenewswire.com/news-release/2026/02/19/3241385/0/en/Portkey-Raises-15M-Series-A-to-Scale-the-Unified-Control-Plane-for-Production-AI.html