dottxt Funding News – dottxt raises $11.9M funding to enhance LLM interaction

Oct 18, 2024 | By Team SR

After the Pre-Seed and Seed rounds were completed in less than seven months, dottxt, an ecosystem and platform for connecting with LLMs, reported a total capital round of $11.9 million Funding.

SUMMARY

  • After the Pre-Seed and Seed rounds were completed in less than seven months, dottxt, an ecosystem and platform for connecting with LLMs, reported a total capital round of $11.9 million.
  • dottxt tool to make LLMs reliable enough for the world to build on. A spellcheck for programming the future

Dottxt significantly enhances LLMs' capabilities. Dottxt turns LLMs into tools that easily connect with current digital ecosystems by enabling the user to request information with a certain structure.

LLMs are elevated from basic back-and-forth chat features to reliable computers thanks to dottxt's capabilities.

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Data scientists are able to query a database using natural language with confidence that the query will be successful. The service may save a great deal of time for someone looking to employ who is faced with a mound of resumes by filtering through them in search of particular experience or credentials. A person may provide the service a list of qualities and the photographs they want to extract from a big image library, and the service will promptly return the information.

Both OpenAI and Cohere have officially and previously acknowledged their usage of the dottxt open source technology, making them early leaders in the competition to dominate AI-based text production.

Everyone will be using structured generation in a few years, there is no doubt about that. Model providers, including OpenAI, are lagging in terms of speed and capabilities, and we’re here to fill that gap. With these funds, we will keep pushing the limits of this technology and make it more widely available for everyone. We are shaping a future where generative AI delivers on the kind of automation we were promised.

Rémi Louf, Dan Gerlanc, and Brandon Willard are co-founders who have collaborated in different roles for the last four years. Their last job at Normal Computing, an AI company based in New York, was where they first encountered problems with GPT-4, particularly with systemising data and information extraction to eliminate a significant amount of manual labour.

The team's unique background in compiler technology and statistical modelling allowed them to come up with a solution to this problem that no one else has been able to.

Over 3 million downloads of the code they made public have been made in the past year, with 600,000 of those downloads occurring in the past month. Both small and major businesses use it in their production.

The money is divided into two phases: a $3.2 million Pre-Seed round headed by European tech and deep tech venture capital firm Elaia, which was finished in December 2023; and a Seed round, which was led by EQT Ventures and ended in August 2024 for $8.7 million.

Seedcamp, Common Magic, Kima, FSJ, Roxanne Varza (Station F), Erik Bernhardsson (CEO of Modal Labs), Julien Chaumond (CTO of Hugging Face), Bob van Luijt (CEO of Weaviate), and Jean-Louis Queguiner (CEO of Gladiate) are additional participants in the two investment rounds.

From our first discussion with dottxt, we saw their potential to turn the stochastic nature of LLMs into something more programmatic and deterministic, enabling deep integration into software systems. This aligns with our belief that the future of AI agents will be shaped by those who can build the essential frameworks that make LLMs truly usable at scale in critical enterprise systems. We’re excited to support dottxt as they lead the creation of this critical infrastructure.

The money will go towards hiring a Chief of Staff, growing the team, and hiring more software developers. The team now has nine members, including six new hires who will work to spread the word about dottxt's technology and get it in front of developers and businesses alike.

In a new software era led by the emergence of AI agents, developers experiment with a strong need to constrain the LLM models' behavior to make the final applications faster, robust, and reliable. At Elaia, we are proud to support dottxt team, from their inception and even before, who developed a proprietary technology inspired by compilers. We are excited to see them grow in the open-source ecosystem with an incredible developers adoption to date.

The goal of dottxt is very straightforward: to enable AI to be programmed in a way that satisfies the dependability requirements of actual systems. New financing of $11.9 million puts it in a strong position to realise this objective.

Following a strong increase in demand since early 2024 for both the open source and optimised version of the dottxt library, the funding will aid in the team's growth.

About dottxt

dottxt tool to make LLMs reliable enough for the world to build on. A spellcheck for programming the future. And more broadly, an ecosystem where developers can design, execute, deploy, and evaluate LLM applications. LLMs are probabilistic, so we believe the best approach is to establish guardrails upfront based on your criteria, setting all irrelevant probabilities to zero.

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