Based in Noida AI Optimization startup LLUMO AI has raised $1 million in seed funding funds round led by SenseAI Ventures, an AI-focused venture capital fund.
Several other investors, including India Quotient, AumVC, Venture Catalyst, IIM Indore Alumni Angel fund and several US-based angel investors, also participated in the round.
What does LLUMO AI do?
Founded in 2023 by Shivam Gupta and Akshat Anand, LLUMO AI aims to address the rising costs and performance challenges associated with generative AI and large language models (LLMs).
The startup enables companies to reduce generative AI costs by up to 80% and gain visibility into LLM performance.
It focuses on solving two of the main challenges that companies face when integrating generative AI and LLMs into their products and services. These include the high costs associated with using LLMs and the difficulties in evaluating LLM performance in real-world scenarios.
The startup identified that these problems are particularly pronounced in recovery-augmented generation (RAG) processes, where the request token size can increase by five to ten times, leading to exorbitant costs.
AI solutions to optimize costs and performance
To address these challenges, LLUMO AI has developed a platform that includes two small proprietary LLMs, trained with millions of data points. The first model compresses indications, significantly reducing costs while maintaining the quality of results.
The second model, Eval-LM (Evaluation Language Model), allows companies to evaluate the performance of the results generated by LLM without the need for real data.
This approach enables companies to optimize their LLM implementations, achieve faster iterations, and drive growth without overwhelming their budgets.
“We founded LLUMO AI with a clear mission: to democratize access to generative AI and help businesses unlock its true potential. Our platform not only addresses critical cost and performance challenges, but also empowers our customers to make data-driven decisions that accelerate growth and transform customer experiences. With this funding, we are one step closer to realizing our vision of making generative AI accessible, affordable, and impactful for businesses around the world,” he said. He.
Focused on expansion
LLUMO AI plans to use the capital raised to support expansion into the US market. Additionally, the funding will facilitate the development of an enterprise-grade platform designed to seamlessly integrate with existing AI workflows.
The platform aims to bridge the gap between proof-of-concept (POC) stages and large-scale production, enabling efficient deployment of AI solutions in companies across various industries.
“At SenseAI, our research shows that cost and quality are the two biggest barriers to making LLMs practical. LLUMO AI’s innovations directly address both of these issues. We back founders like the LLUMO AI team who build innovative technology and tools to solve critical AI challenges, which aligns perfectly with our focus on investing in AI applications and tools,” said Rahul Agarwalla, General Partner at SenseAI Ventures.
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