Irish AI Company Raises $1.1M for Safe and Responsible AI Future

Inspeq AI, a full-stack AI Ops platform, has secured $1.1 million in funding, led by Sure Valley Ventures.

Inspeq AI's mission is to become the trusted source of safe and reliable AI development, revolutionising Gen-AI application deployment with its comprehensive platform designed for effective and efficient production. The platform addresses AI performance issues throughout the LLM development lifecycle, ensuring optimal safety and ethical compliance. By reducing security and hallucination issues by up to 80%, Inspeq AI enhances reliability and trustworthiness.

Their research team has created over 50 metrics and guardrails which leverage advanced AI/ML models to significantly enhance the capabilities of AI applications across a wide range of domains. This translates to more accurate AI solutions being developed at 70% lower cost and 4x faster speed. Notably, their work has also yielded a 90% improvement in the performance of Large Language Models (LLMs), a crucial advancement with far-reaching implications. With a strong focus on safe and responsible AI, Inspeq AI enables businesses to deploy AI solutions confidently in their production environments, as well as mitigating AI-related risks, fostering a trustworthy and secure AI future for their customers.

With the new funding, Inspeq AI plans to expand its team in Applied AI, Data Science, and Full Stack Development, and extend its operations in Ireland, London, and India. CEO and Co-Founder of Inspeq AI, Apoorva Kumar, commented: “Recent cases of production-grade Gen AI applications going wrong have highlighted the challenges businesses face in scaling Gen AI. By using Inspeq AI as an ops layer, businesses can overcome these bottlenecks, ensuring trust, safety, and ethical standards. We are thrilled to be working with significant enterprise companies globally, like HCL, helping them develop production-grade Gen AI applications that deliver immense benefits to their customers."

CTO and Co-Founder Ramanujam Macharla Vijayakumar added: "We are collaborating closely with the likes of Pocket FM – a platform transforming audio entertainment with audio series, and are helping reduce their manual verification tasks, achieving accurate content delivery at scale. As AI regulations grow globally, Inspeq is well-positioned to lead AI compliance for DevOps practices."

The investment round was led by AI VC firm, Sure Valley Ventures (SVV) and included participation by Delta Partners, Founders, a talent accelerator funded by NDRC, Plug and Play, and angel investors who are industry leaders in AI technology.

Managing Partner of SVV, Barry Downes said: “After our first meeting with Apoorva and Ramanujam, we knew right away that they were the sort of founders we wanted to back. Their knowledge of the AI space was extremely impressive, as was their commitment to ensuring that companies develop and use AI in a positive and constructive way. We look forward to working alongside our co-investors to support Inspeq on their exciting growth journey for many years ahead.”

General Partner at Delta Partners, Amy Neale said: “Delta is excited to support the Inspeq team on their mission to enable developers to release their products and applications with confidence. Apoorva, Ramanujam and the Inspeq team are drawing on their extensive experience to build a novel approach to LLM Ops that their customers can rely on, and we’re excited to go on the journey with them.”

Inspeq AI is also a recent graduate of the ‘Founders’ programme at Dogpatch Labs, which supports startups through a unique talent accelerator and initial funding.