The $1 million (roughly Rs 8 crore) seed funding round led by SenseAI Ventures, with participation from India Quotient, AumVC, Venture Catalyst, IIM Indore Alumni Angel fund, and other angel investors, was secured by the artificial intelligence optimization company LLUMO AI.
According to a press release from LLUMO, the money will be utilized for both market expansion into the US and the creation of an enterprise-grade platform that works with current AI workflows.
LLUMO, co-founded in 2023 by Shivam Gupta and Akshat Anand, eliminates the problems caused by the rising expenses of LLM usage as well as the incapacity to evaluate LLM performance in practical settings. The platform gives companies the ability to see LLM performance and cut costs associated with generative AI by up to 80%.
Two proprietaries tiny LLMs that have been trained on millions of data points are the company’s solutions, according to its Noida headquarters. Eval-LM (Evaluation Language Model), the other model, evaluates LLM-generated output without the need for ground truth data. The first model compresses prompts, greatly lowering costs while maintaining output quality. Businesses can grow without breaking the bank by utilizing these models to streamline their LLM implementations, accomplish faster iterations, and foster growth.
LLUMO AI wants to support companies and utilize generative AI. By bridging the POC and production divide, the platform will facilitate the effective implementation of AI solutions. Its goal is to give companies the tools they need to innovate, enhance customer experiences, and grow sustainably.
