[Funding News] Inspeq AI Secures $1.1 Mn pre-Series A Funding Round

Inspeq AI, a supplier of responsible AI development platforms, raised $1.1 million (9.13 cr) in its pre-Series-A investment, which was led by Sure Valley Ventures and included Delta Partners.

In addition to Plug and Play, notable angel investors in the round include Cyril Treacy, a former vice president of Salesforce, Gaurav Singh Kushwaha, the creator and CEO of BlueStone, Prateek Dixit, the inventor of Pocket FM, Rick Kelly, the former managing director of Meta Ireland, and other tech executives.

The money raised will be put towards growing its product development staff as well as its marketing and sales efforts in Ireland, the UK, and India.

Read also – AbleCredit Secures $1.25 Mn Seed Funding Round led by Merak Ventures

Inspeq AI claims to accelerate the creation of Gen AI apps by up to 4X. Additionally, it claims to reduce development expenses by as much as 70%. Its all-inclusive AI Operations platform covers every stage of AI development and production.

The platform maximises the deployment of Gen AI at every stage, from monitoring and performance improvement to testing and assessment.

Apoorva Kumar, founder, said: “This has created a big question mark on the overall use of generative AI as well as large language models. It’s a big technological advancement that we have made, as human beings. With this whole gen AI wave, it’s an inflection point. I think it’s very important to make sure that there are good guardrailing solutions to make sure that the outputs of the applications are accurate, consistent, they are not hallucinating, they’re free from any kind of biases or any kind of negative tone.”

About Inspeq AI

Founded in 2023 by Apoorva Kumar and Ramanujam Macharla Vijayakumar, Inspeq AI is a Software development platform to evaluate, optimize and monitor LLM apps like AI Conversational Bots and Content Generation Agents, ensuring data privacy and security.

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