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Patronus AI raised $17M in Series A funding led by Notable Capital to detect LLM mistakes at scale

PRIVATEMay 22, 2024•about 2 years ago

Amount Raised

$17 Million

Round Type

series a

New YorkArtificial IntelligenceMachine LearningNatural Language Processing

Investors

Factorial CapitalGokul RajaramLightspeed Venture PartnersNotable Capital

Description

Patronus AI, a San Francisco startup founded by former Meta machine learning (ML) experts Anand Kannappan and Rebecca Qian, has raised $17 million in Series A funding. The round, led by Glenn Solomon at Notable Capital, with participation from Lightspeed Venture Partners, former DoorDash executive Gokul Rajaram, Factorial Capital and several unnamed tech executives, brings Patronus AI's total funding to $20 million.

Company Information

Company

Patronus AI

Location

New York, New York, United States

About

Patronus AI is the leading automated AI evaluation and security company. Our world-class platform enables enterprise development teams to score LLM performance, generate adversarial test cases, benchmark LLMs, and more. Customers use Patronus AI to detect LLM mistakes at scale and deploy AI products safely and confidently. Founded by machine learning experts from Meta AI and Meta Reality Labs, Patronus AI is on a mission to boost enterprise confidence in generative AI. We are backed by Lightspeed Venture Partners, Replit CEO Amjad Masad, Gokul Rajaram, and Fortune 500 executives and board members.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies.

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