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Announcing our seed round

We've raised $5m to double down on our mission to help companies build production use cases of LLMs

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Hey everyone👋,

We’re thrilled to share that we’ve raised a $5m seed round! 🎉 We're incredibly thankful to have support from Y Combinator, Rebel Fund, Pioneer Fund, Eastlink Capital and notable angels like Arash Ferdowsi (co-founder of Dropbox), Dharmesh Shah (co-founder of Hubspot) and Divya Bhat (former YC group partner, 2x CEO). You can get the full scoop on TechCrunch here.

When we announced Vellum 5 months ago, our idea was inspired by the pains we had personally felt while developing applications on LLMs since mid 2020. That background plus our experience in traditional ML Ops (Noa worked on the MLOps team at DataRobot and Sidd was on Quora’s ML Platform team) made us feel the need to have similar tooling for the LLM space. We had spoken to about 50 people while narrowing in on the idea, and now 5 months on, we’ve onboarded more than 50 paying customers to our platform.

We’ve learnt so much from our customers. Our Test Suites and Search launches were inspired by what our customers wanted and we enjoy building the platform to further improve their LLM development processes. We recently started featuring customer success stories (Encore increased eng productivity by 3x when working with LLMs) and will be sharing more in the coming weeks.

The Generative AI industry is evolving rapidly (new models from Anthropic, OpenAI, Inflection AI, Google, Mosaic etc.) and this is just the beginning; over time there will be widespread adoption of AI in companies around the world and we intend to be there to enable it.

While our platform has evolved significantly over the last few quarters, our mission remains the same: help companies build production use cases with Large Language Models. We’re excited to use this funding to double down on this mission.

Thank you so much for believing in us in the early days. Please don’t hesitate to reach out to us at founders@vellum.ai if you want to chat about anything!

Best,

Akash, Sidd & Noa 

P.S: If you haven't already, sign up for Vellum here

ABOUT THE AUTHOR
Akash Sharma
Co-founder & CEO

Akash Sharma, CEO and co-founder at Vellum (YC W23) is enabling developers to easily start, develop and evaluate LLM powered apps. By talking to over 1,500 people at varying maturities of using LLMs in production, he has acquired a very unique understanding of the landscape, and is actively distilling his learnings with the broader LLM community. Before starting Vellum, Akash completed his undergrad at the University of California, Berkeley, then spent 5 years at McKinsey's Silicon Valley Office.

ABOUT THE reviewer

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Jul 13, 2023
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