Inspeq AI's Responsible AI Platform Gains Momentum with $1.1M Investment Boost

inspeq ai , a leading provider of responsible AI development platforms, proudly announces the successful completion of its pre-Series-A investment round, securing $1.1 million (approximately INR 9.13 Crore) in funding. The investment was spearheaded by specialist AI investment firm Sure Valley Ventures , with contributions from Delta Partners, Plug and Play, as well as notable angel investors such as Gaurav Singh Kushwaha (Founder and CEO of BlueStone), Prateek Dixit (Founder of Pocket FM), Rick Kelley (Former MD of Meta Ireland), Cyril Treacy (Former VP of Salesforce), and other distinguished tech executives.

Established in 2023 by seasoned tech leaders Apoorva Kumar and Ramanujam MV , Inspeq AI has developed an enterprise-ready LLM Ops platform designed to assist developers in evaluating and enhancing their enterprise AI applications. The platform boasts the capability to accelerate Gen AI app development by up to 4X and reduce development costs by up to 70%.

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

Inspeq AI’s AI Ops platform encompasses the entire spectrum of AI development and production phases. It streamlines Gen AI deployment from testing and evaluation to monitoring and performance enhancement, resulting in a significant reduction of 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 underscored the challenges businesses encounter in scaling AI. Apoorva Kumar emphasized how Inspeq AI can alleviate these bottlenecks, ensuring trust, safety, and ethical standards. “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,” he added.

Ramanujam Macharla Vijayakumar, Co-Founder and CTO of Inspeq AI, highlighted the platform’s seamless integration with existing data tools and its focus 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 utilize the investment to expand its product development team and extend its marketing and sales operations in India, Ireland, and the UK.