Deepset.ai, a Berlin, Germany-based developer of a platform for building enterprise apps powered by large language models, raised $30m in funding.
The round was led by Balderton Capital, with participation from GV and Harpoon Ventures, System.One, and Lunar.
The company, which has raised a total of $45.6m so far, intends to use the capital to expand operations, its development efforts, and business reach.
Led by co-founder and CEO Milos Rusic, Deepset.ai provides an LLM platform deepset Cloud, a model-agnostic developer platform for AI teams looking to build customized, flexible systems powered by the latest language models. A SOC 2-certified platform that lets its users retain full ownership of their data, deepset Cloud allows organizations to unlock the value of LLMs, get to market faster, and thereby gain a competitive advantage.
With Haystack, its core technology, developers can choose from a wide selection of components required in a modern NLP project: proprietary and open source LLMs, vector databases, file converters, text embedding models, and much more. These components are plugged into pipelines or agents to build anything from a Google-like search engine on company documents, to conversational AI, to information discovery systems.
The platform allows different product team stakeholders to work in a unified environment with fast prototyping, frequent feedback cycles, and easy customization.
FinSMEs
10/08/2023