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Inspeq AI raises INR 9.1 million to strengthen global AI safety and security

Funding Alert

Inspeq AI, a responsible AI development platform provider, has announced the successful completion of its pre-Series A investment round, raising USD 1.1 million (approximately INR 9.13 million). The funding round was led by AI specialist investment firm Sure Valley Ventures with participation from Delta Partners, Plug and Play and several prominent angel investors including Gaurav Singh Kushwaha (Founder and CEO of BlueStone), Prateek Dixit (Founder of Pocket FM), Rick Kelly (Former MD of Meta Ireland), Cyril Treacy (former vice president of Salesforce) and other prominent tech executives.

Founded in 2023 by leading tech leaders Apoorva Kumar and Ramanujam Macharla Vijayakumar, Inspeq AI has developed an enterprise-ready LLM Ops platform to help developers evaluate and improve their enterprise AI applications. The platform promises to accelerate the development of Gen AI applications by up to 4x and reduce development costs by up to 70%.

«This investment will significantly accelerate Inspeq AI’s growth trajectory as we work to improve the security and performance of AI on a global scale,» said Apoorva Kumar, Co-Founder and CEO of Inspeq AI. «Gaining the support of such marquee investors also moves us closer to realizing Inspeq AI’s mission to become a global leader in safe and reliable AI.»

Inspeq AI’s comprehensive AI Ops platform covers the full spectrum of AI development and production phases. It optimizes Gen AI deployments from testing and evaluation to monitoring and performance improvement, significantly reducing security vulnerabilities and hallucination issues by up to 80%. Notably, Inspeq AI achieved a groundbreaking 90% improvement in the performance of large language models (LLM), setting a new benchmark for AI excellence.

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Recent incidents involving production-grade Gen AI applications have highlighted the challenges enterprises face in scaling AI. “Using Inspeq AI as an ops layer, businesses can overcome these barriers and ensure trust, security and ethical standards. We are excited to partner with major global enterprise companies like HCL and help them develop production-grade Gen AI applications that are immensely beneficial to their customers,” added Apoorva Kumar.

Ramanujam Macharla Vijayakumar, co-founder and CTO of Inspeq AI, highlighted the platform’s seamless integration with existing data tools and its priority on data security. “We’ve created an enterprise-grade platform that seamlessly integrates with existing data tools, prioritizes data security with industry-leading research, and helps companies reduce their manual validation tasks and achieve accurate output at scale. As AI regulations grow worldwide, Inspeq is well positioned to lead AI compliance for DevOps practices.

Barry Downes, Managing Partner of SVV, expressed confidence in the founding team. “After our first meeting with Apoorva and Ramanujam, we knew immediately that these were the founders we wanted to support. Their knowledge of the AI ​​space was extremely impressive, as was their commitment to ensuring that companies develop and use AI in a positive and constructive way. We look forward to working with our co-investors to support Inspeq on its exciting growth path for many years to come.”

Inspeq AI is also a recent graduate of the ‘Founders’ program at Dogpatch Labs, which supports startups through a unique talent accelerator and seed funding. The company plans to use the investment to expand its product development team and expand its marketing and sales operations in India, Ireland and the UK.

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