Irish full-stack AI Ops platform Inspeq has raised $1.1 million in funding for the maintenance of its Generative AI.
The platform empowers developers working on Gen AI development, from testing and evaluation to monitoring, performance and guardrails for B2B and enterprise AI applications. With the fresh funding, Inspeq AI plans to expand its applied AI, data science and full stack development teams, and scale its operations in Ireland, London and India.
It does this by addressing AI performance issues throughout the LLM development lifecycle to ensure optimal safety and ethical compliance, claiming to reduce security and illusion issues by up to 80%. The company also claims that its efforts have improved LLM performance by 90%.
The funding round was led by AI investment specialist Sure Valley Ventures, with participation from Delta Partners. Other backers include NDRC-funded talent accelerator Founders, Plug and Play and a host of leading angel investors, including former Meta Ireland MD Rick Kelly, former Salesforce VP Cyril Treacy, Gong's EMEA head Shantanu Shekhar, BT UK's senior director of data and AI Devjani Roy, Cork tech angels Bill and Leonard Lynch and unicorn founders Gaurav Singh Kushwaha and Prateek Dikshit.
Apoorva Kumar, CEO and Co-founder, Inspeq AI, commented, “Recently, there have been a number of instances of production-level Gen AI applications failing to function, highlighting the challenges enterprises face in scaling Gen AI. Using Inspeq AI as an operational layer, enterprises can overcome these bottlenecks and ensure reliability, safety and ethical standards. We are excited to work with a leading global enterprise company like HCL to help them develop production-level Gen AI applications that will bring significant benefits to their customers.”
Prior to founding Inspeq AI, Inspeq founders Apoorva Kumar and Ramanujam Macharla Vijayakumar worked at Microsoft, Meta, Amazon and LinkedIn building and leading robust and scalable AI products. With the new funding, Inspeq AI plans to expand its applied AI, data science and full stack development teams and scale its operations in Ireland, London and India.
