[Funding alert] Paris-based Phospho Secures €1.7 Million in Funding

Big Language Models (LLMs) fundamentally alter and complicate the way software developers build their products and user interfaces. Phospho is developing a framework for genAI application monitoring that the tech and product teams can use.

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With the help of this technology, these teams can keep an eye on user interactions at a large scale, identify problems, and derive insights to improve the conversational experience.

Because AI models are stochastic, or simply random, it is very challenging to develop a dependable product and monitor the metrics to improve the user experience. This is the role of Phospho.

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The business employs AI models to mine end-user interactions for both quantitative and qualitative insights. Product managers and developers can swiftly sort through massive amounts of unstructured data with only a few lines of code.

The €1.7 million pre-seed investment is led by Elaia Partners and YCombinator, with deep domain expert Business Angels also participating. This shows the industrial value of Phospho's solution:

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Bertrand Serlet (former Apple Head of Software), Julien Chaumond (former CTO of Hugging Face), Abou Laraki (former CEO of Monk AI), Stanislas Miquel (former CPO of Monk AI), Sébastien de Lafond (former CEO of Meilleurs Agents), Mehdi Ghissassi (former Google Deepmind Product Director), François Dorléans (former McKinsey co-founder at Stratumn), Nicolas Schul (product at Mistral AI) and Vincent Nallatamby (former Google GenAI Product Manager

Phospho will be able to put together a committed team that is focused on this goal thanks to the funds. The Phospho team is a part of the January 2024 YCombinator batch that is the newest.

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Paul-Louis Venard explains: "As both Pierre-Louis Biojout and I hold Applied Mathematics and Computer Science degrees, we were eager to explore LLM use cases together but faced the same challenges as many others: experiencing the lack of tooling for building genAI products. With no means to monitor the performance of our LLM apps, we launched Phospho in April 2023. We are convinced that conversational interfaces are redefining the software industry, and in this context, Phospho's mission is clear: Make every word count. We are super excited to build the tools that will support the growth of a whole new industry."P

Clement Vanden Driessche, Investment Director at Elaia adds: "We're happy to back Phospho at their pre-seed round. As generative AI transforms the tech landscape, Phospho's LLM app monitoring platform stands out with its robust observability features, ensuring LLM apps are enhanced in real-time. Trusted by LLM app builders and now joining YC 2024, we're excited to see the team take the company to the next level!"

About Phospho

The first platform for monitoring LLM apps is called Phospho. They are giving developers access to aggregated semantic analytics about end-user interactions with the LLM application. Tech teams and business teams alike can utilise their product to give their users a better GenAi experience.

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