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Libretto raises $3.7M in seed funding co-led by XYZ VC and The General Partnership to expand operations and development efforts.

Apr 09, 2024over 1 year ago

Amount Raised

$3.7 Million

Round Type

seed

New YorkSoftware

Investors

The General PartnershipXyz Vc

Description

Libretto, a provider of new tools for LLM developers, reportedly raised $3.7m in seed funding. The round was co-led by XYZ VC and The General Partnership. The company intends to use the funds to expand operations and development efforts.

Company Information

Company

Libretto

Location

New York, New York, United States

About

At Libretto, we’re excited about Large Language Models because they represent the first time that traditional web and mobile developers can harness the power of AI easily without needing deep machine learning expertise. We also know, though, that our current developer toolchain isn’t powerful enough to enable us to depend on LLMs the way we depend on other parts of our software stack. This is where Libretto comes in. Libretto helps you monitor, test, and improve your LLM prompts so you can feel secure that AI is working for you and your customers exactly as you intended.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers