LLUMO AI Secures $1 Million in Seed Funding to Expand Globally
LLUMO AI, a pioneering artificial intelligence optimization company, has successfully raised $1 million (approximately Rs 8 crore) in a seed funding round. The funding was led by SenseAI Ventures, with participation from India Quotient, AumVC, Venture Catalyst, IIM Indore Alumni Angel Fund, and other angel investors.
CEO Shivam Gupta and co-founder Akshat Anand launched LLUMO in 2023, aiming to dissolve the difficulties of evaluating Large Language Model (LLM) performance in real-world scenarios and the high costs associated with its usage. The company’s flagship platform leverages two proprietary tiny LLMs to empower businesses to minimize Generative AI costs by up to 80% while enhancing visibility into LLM performance.
A Groundbreaking Solution for Businesses
LLUMO’s platform is designed to bridge the gap between proof of concept (POC) and production, enabling businesses to deploy AI solutions efficiently. The technology optimizes LLM implementations, accelerates iterations, and fuels growth without straining budgets. By leveraging LLUMO’s solutions, businesses can:
- Reduce LLM costs up to 80%
- Gain visibility into LLM performance
- Drive growth and innovation
- Enhance customer experiences
Future Plans and Expansion
With the $1 million funding, LLUMO AI aims to expand its presence in the US market and develop an enterprise-grade platform that integrates seamlessly with existing AI workflows. This strategic move will further solidify LLUMO’s position as a pioneer in the AI optimization space, empowering businesses worldwide to unlock the full potential of Generative AI.
