The company has seen early success as more businesses realize the need for LLM governance tools to stay compliant. Since its launch, Patronus AI has worked with a range of portfolio companies, AI companies, and mid-stage companies, processing several hundreds of thousands of requests through its platform. The firm, which has doubled its employee count since its seed funding, plans to double again this year. The recent funding round was led by Notable Capital, with participation from Lightspeed Venture Partners, Factorial Capital, and industry angels.
Key takeaways:
- Patronus AI, a company that helps customers ensure their large language models are compliant with various rules and regulations, has raised a $17 million Series A funding round, just eight months after a $3 million seed round.
- The company's main product, Patronus Evaluators, allows users to measure the performance of large language models across various dimensions, including likelihood to hallucinate, copyright risks, safety risks, and enterprise-specific capabilities.
- Since its launch, Patronus AI has worked with a variety of portfolio companies, AI companies, and mid-stage companies, with customers making several hundreds of thousands of requests through its platform.
- The $17 million investment round was led by Notable Capital, with participation from Lightspeed Venture Partners, Factorial Capital, and industry angels. The company plans to double its workforce again this year.