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SenseAI Ventures leads $1 Mn round in LLUMO AI

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SenseAI Ventures leads $1 Mn round in LLUMO AI
Medial

Artificial intelligence optimisation company LLUMO AI has raised $1 million (about Rs 8 crore) in seed funding round led by SenseAI Ventures along with participation from India Quotient, AumVC, Venture Catalyst, IIM Indore Alumni Angel fund, and other angel investors. The funds will be used to expand into the US market as well as the development of an enterprise-grade platform that integrates with existing AI workflows, LLUMO said in a press release. Co-founded in 2023 by Shivam Gupta and Akshat Anand, LLUMO weeds out the hassles of inability to assess LLM performance in real-world scenarios and the soaring costs associated with LLM usage. The platform empowers businesses to reduce Generative AI costs by up to 80% and gain visibility into LLM performance. According to the Noida-based company, its solutions are two proprietary tiny LLMs which are trained on millions of data points. The first model compresses prompts, significantly reducing costs while maintaining output quality while the other is Eval-LM (Evaluation Language Model), assesses LLM-generated output without requiring ground truth data. By leveraging these models, businesses can optimize their LLM implementations, achieve faster iterations, and drive growth without straining their budgets. LLUMO AI aims to help businesses and harness the potential of Generative AI. The platform will bridge the gap between POC and production, enabling efficient deployment of AI solutions. It intends to enable businesses to drive innovation, improve customer experiences, and achieve sustainable growth.

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Aeravti Ventures leads $1 Mn round in Origin Fresh

EntrackrEntrackr ยท 5m ago
Aeravti Ventures leads $1 Mn round in Origin Fresh
Medial

Snippets Aeravti Ventures leads $1 Mn round in Origin Fresh Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures, with participation from a group of Ultra HNIs. New Update Fresh produce brand Origin Fresh has secured $1 million in a pre-seed funding round led by Aeravti Ventures, with participation from a group of Ultra HNIs. The fresh funds will be utilized to enhance the delivery network and support the development of cutting-edge infrastructure, Origin Fresh said in a press release. Co-founded in 2020 by Prashanth Vasan and Sidharth Raveendran, Origin Fresh delivers farm-fresh, untouched produce directly to customers' doorsteps, eliminating middlemen to offer unbeatable prices and uncompromising quality. The startup is committed to encouraging consumers to prioritize freshness and quality over speed, fostering a thoughtful approach to meal planning and healthy living. According to the Bengaluru-based company, by delivering farm-fresh, high-quality produce, it aims to enhance culinary experiences and promote overall well-being, inspiring a movement that celebrates the richness and nourishment of fresh produce. The brand promises delivery from farm to home within 12 hours. Origin Fresh claims that it has surpassed 5,000 orders within the first 40 days of launch, with over 60% of customers placing repeat orders within two weeks. The company has earned strong trust for its quality and freshness. It focuses exclusively on fresh produce and has carved a niche among health-conscious consumers, boasting an extensive catalog of over 250 items, including a wide range of exotic options.

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