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Inspeq AI Raises INR 9.1 Crore to Propel Global AI Safety and Security

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Inspeq AI, a responsible AI development platform provider, has announced the successful completion of its pre-Series-A investment round, raising $1.1 million (approximately INR 9.13 Crore). The funding round was led by specialist AI investment firm Sure Valley Ventures, with participation from Delta Partners, Plug and Play, and several high-profile 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 prominent tech executives.

Founded in 2023 by senior tech leaders Apoorva Kumar and Ramanujam Macharla Vijayakumar, Inspeq AI has developed an enterprise-ready LLM Ops platform aimed at helping developers evaluate and enhance their enterprise AI applications. The platform promises to accelerate Gen AI app development by up to 4X and reduce development costs by up to 70%.

“This investment will greatly accelerate Inspeq AI’s growth trajectory as we work towards advancing AI safety and performance on a global scale,” said Apoorva Kumar, Co-Founder and CEO of Inspeq AI. “Winning the backing of such marquee investors also moves us closer to realising Inspeq AI’s mission to become the global leader in safe and reliable AI.”

Inspeq AI’s comprehensive AI Ops platform covers the entire spectrum of AI development and production phases. It optimizes Gen AI deployment from testing and evaluation to monitoring and performance enhancement, significantly reducing security vulnerabilities and hallucination issues by up to 80%. Notably, Inspeq AI has achieved a groundbreaking 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 highlighted the challenges businesses face in scaling AI. “By using Inspeq AI as an ops layer, businesses can overcome these bottlenecks, ensuring trust, safety, and ethical standards. We are thrilled to be working with significant global enterprise companies, like HCL, helping them develop production-grade Gen AI applications that immensely benefit their customers,” 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 priority on data security. “We have built an enterprise-grade platform that integrates seamlessly with existing data tools, prioritizing data security with cutting-edge research, and are helping companies reduce their manual verification tasks, achieving accurate output at scale. As AI regulations grow globally, 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 right away that they were the sort of founders we wanted to back. 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 alongside our co-investors to support Inspeq on their exciting growth journey for many years ahead.”

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