[Funding alert] Germany-based Langdock Secures $3Million in Seed Funding
Apr 20, 2024 | By Startup Rise EU
Langdock, a supplier of a platform that allows businesses to harness large language models (LLMs) while maintaining control over their data secures $3million in seed funding.
General Catalyst and La Famiglia led the round, which also included participation from over 25 other angel investors, Y Combinator, Rolf Schrömgens (Trivago), Hanno Renner (Personio), Johannes Reck (GetYourGuide), and Erik Muttersbach (Forto).
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The money will be used by the business to grow both its operations and growth initiatives. Under the direction of CEO Lennard Schmidt, Langdock offers a platform with enterprise-grade security, on-premises and cloud-based solutions, and a chat interface that lets coworkers access LLMs from different departments.
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More than forty businesses are involved with it, including tech firms like GetYourGuide, HeyJobs, and Forto as well as the German scientific and technology giant Merck.
Lennard Schmidt said: “There is an urgent need for European businesses to embrace LLMs because they are seeing a sharp fall in the working-age population. In Germany alone, we are seeing the projected loss of seven million workforce participants. This staggering figure brings into stark focus the critical need for smarter, more efficient processes within companies and the need to enable employees to increase their productivity.“
About Langdock
Langdock, Maintain complete control on your data while enabling your staff with LLMs.
Build personalised assistants, automate whole workflows, and have conversations with your internal experts.
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