Inspeq funding news – Full-stack AI Ops Platform Inspeq Secures $1.1Million in Funding
May 28, 2024 | By Team SR
Inspeq, a Dublin-based Full-stack AI Operations Platform, has raised $1.1 million to support the upkeep of its generative AI. The platform helps developers with Gen AI development, from B2B and Enterprise AI application testing and evaluation to performance monitoring and guardrailing.
SUMMARY
- Inspeq, a Dublin-based Full-stack AI Operations Platform, has raised $1.1 million to support the upkeep of its generative AI.
- Inspeq is a software development platform that ensures data security and privacy while evaluating, optimising, and monitoring LLM apps like AI Conversational Bots and Content Generation Agents.
With the additional capital, Inspeq AI intends to grow its operations in London, India, and Ireland as well as its team in Applied AI, Data Science, and Full Stack Development.
Assuring maximum safety and ethical compliance, tackling AI performance issues across the LLM development lifecycle, and making claims to eliminate security and delusion issues by up to 80%, it makes sure this is met. The business also asserts that 90% better LLM performance has resulted from its efforts.
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With participation from Delta Partners, the financing round is led by specialised AI investment firm Sure Valley Ventures. Additional supporters including Founders, Plug and Play, an NDRC-funded talent accelerator, and several prominent angel investors.
These include Cork tech angels Bill and Leonard Lynch, unicorn founders Gaurav Singh Kushwaha and Prateek Dixit, former MD of Meta Ireland Rick Kelly, former vice president of Salesforce Cyril Treacy, head of EMEA at Gong Shantanu Shekhar, senior director of data and AI at BT UK Debjani Roy.
CEO and Co-Founder of Inspeq AI, Apoorva Kumar commented: “Recent cases of production-grade Gen AI applications going wrong have highlighted the challenges businesses face in scaling Gen AI. By using Inspeq AI as an ops layer, businesses can overcome these bottlenecks, ensuring trust, safety, and ethical standards. We are thrilled to be working with significant enterprise companies globally, like HCL, helping them develop production-grade Gen AI applications that deliver immense benefits to their customers."
Before starting Inspeq AI, Apoorva Kumar and Ramanujam Macharla Vijayakumar worked at Microsoft, Meta, Amazon, and LinkedIn, where they developed and oversaw the creation of reliable and scalable AI solutions. With the additional capital, Inspeq AI intends to grow its workforce in the areas of Applied AI, Data Science, and Full Stack Development and expand its operations to London, India, and Ireland.
About Inspeq
Inspeq is a software development platform that ensures data security and privacy while evaluating, optimising, and monitoring LLM apps like AI Conversational Bots and Content Generation Agents. Utilise more than 40 proprietary criteria to assess LLM outcomes in relation to industry norms.