Inspeq AI, a leading provider of responsible AI development platforms, has announced the successful conclusion of its pre-Series-A investment round, raising $1.1 million (approximately INR 9.13 Crore). Spearheaded by specialist AI investment firm Sure Valley Ventures, the funding round saw participation from Delta Partners, Plug and Play, and several eminent 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 VP of Salesforce), and other notable tech executives.
Established in 2023 by veteran tech leaders Apoorva Kumar and Ramanujam Macharla Vijayakumar, Inspeq AI has developed an enterprise-ready LLM Ops platform aimed at assisting developers in evaluating and enhancing their enterprise AI applications. This platform boasts the capability to accelerate Gen AI app development by up to 4X and slash development costs by up to 70%.
“This investment will significantly bolster Inspeq AI’s growth trajectory as we endeavor to advance AI safety and performance on a global scale,” remarked Apoorva Kumar, Co-Founder, and CEO of Inspeq AI. “Securing the support of such prestigious investors also brings us closer to realizing Inspeq AI’s vision of emerging as the global leader in safe and reliable AI.”
Inspeq AI’s all-encompassing AI Ops platform spans the entire spectrum of AI development and production phases. It streamlines Gen AI deployment from testing and evaluation to monitoring and performance enhancement, substantially mitigating security vulnerabilities and hallucination issues by up to 80%. Notably, Inspeq AI has achieved a remarkable 90% improvement in the performance of Large Language Models (LLMs), setting a new benchmark for AI excellence.
Recent incidents involving production-grade Gen AI applications have underscored the challenges encountered by businesses in scaling AI. “By leveraging Inspeq AI as an ops layer, businesses can surmount these bottlenecks, ensuring trust, safety, and ethical standards. We are excited to collaborate with major global enterprise companies, such as HCL, in developing production-grade Gen AI applications that greatly benefit their clientele,” added Apoorva Kumar.
Ramanujam Macharla Vijayakumar, Co-Founder, and CTO of Inspeq AI emphasized the platform’s seamless integration with existing data tools and its steadfast focus on data security. “We have engineered an enterprise-grade platform that seamlessly integrates with existing data tools, prioritizing data security through cutting-edge research and aiding companies in reducing their manual verification tasks, thereby achieving accurate output at scale. With the burgeoning global regulations surrounding AI, Inspeq is poised to spearhead AI compliance for DevOps practices.”
Barry Downes, Managing Partner of SVV, expressed unwavering confidence in the founding team. “Following our initial meeting with Apoorva and Ramanujam, we were immediately impressed by their profound understanding of the AI landscape and their dedication to ensuring that companies harness AI in a positive and constructive manner. We eagerly anticipate collaborating with our co-investors to support Inspeq on their exhilarating growth journey for years to come.”
Inspeq AI recently graduated from the ‘Founders’ program at Dogpatch Labs, a platform that aids startups through a unique talent accelerator and initial funding. The company intends to utilize the investment to expand its product development team and broaden its marketing and sales operations across India, Ireland, and the UK.